StonehamBank proudly acknowledges that it has, once again, received a 5-Star Superior rating from BauerFinancial, the Nation’s Premier Bank Rating Firm. A 5-Star Superior rating indicates that StonehamBank is one of the strongest banks in the nation, excelling in areas of capital, loan quality, profitability and more. This marks the 58th consecutive quarter that StonehamBank has earned this top rating, which secures it an even more elite status as an “Exceptional Performance Bank”, an honor reserved solely for banks that have maintained a 5-Star rating for 10 years (40 consecutive quarters) or longer.
“We are proud to again receive Bauer’s 5 Star (Superior) rating,” said Doherty. “The rating represents the hard work and commitment of our entire team to ensure that we maintain the banking standards set by federal regulatory agencies.”
“A lot of things are changing,” reflects Karen L. Dorway, President of BauerFinancial Inc. “Rules and regulations are being retooled, technology is advancing at lightning speed, and it’s easy to feel like you’re getting lost in the fray,” she continues. “People don’t want to feel like that at their bank. When they walk into a branch, they want to feel confident that their deposits are safe, that all rules are being followed, and that their banker understands their specific needs. That’s why it’s so important to have 5-Star rated (Superior) banks, like StonehamBank, in our communities. We can be confident that they have our hard-earned deposits properly secured.”
Doherty added that “StonehamBank is committed to maintaining the highest standards and always delivering the highest quality service to our customers. Earning Bauer Financial’s 5 Star (Superior) rating confirms that StonehamBank is a solid, trustworthy financial institution on which our customers can depend.”
StonehamBank was established in 1887 and has been meeting the specific needs of the people in the communities it serves for 138 years. You can be proud to call StonehamBank your bank.
