Piscataqua Savings Bank Awarded Best of Bauer Status

This September, Piscataqua Savings Bank of Portsmouth was honored with the “Best of Bauer status” from Bauer Financial, a rating agency based in Coral Gables, FL.

The prestigious award recognizes banks and credit unions across the country that have achieved 100 consecutive quarters of operational excellence, reflected by Bauer’s 5-star rating.

Fewer than five percent of the nation’s banks have earned Bauer’s top rating for 25 years in a row, an honorary group of which Piscataqua Savings Bank is now a part. Criteria used to determine the star rating system include, but are not limited to: capital ratio, profitability, level of delinquent loans, investment portfolio quality, regulatory supervisory agreements, community investment and liquidity.

“We are so proud and appreciative of this special recognition,” said Rick Wallis, President and CEO of the Bank. “At Piscataqua Savings Bank, we strive to provide exemplary service to our customers, and we are always looking for ways to make the Portsmouth community a better place to live and work. This acknowledgement means a lot to us.”

Information is available at piscataqua.com.