Coral Gables, Florida, BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly affirms that Norway Savings Bank, Norway, Maine has once again earned its highest (5-Star) rating for financial strength and stability. Earning a 5-Star rating indicates this bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 120 consecutive quarters, means Norway Savings Bank has done so continuously since June 1990. This achievement has secured an even higher status for Norway Savings Bank as a “Best of Bauer Bank”. The “Best of Bauer” designation is reserved specifically for banks that have earned Bauer’s highest rating continuously for 25 years or longer.
As reported by Karen Dorway, president of BauerFinancial: “A recent Federal Reserve survey found that while fewer than half of big bank customers were satisfied with their overall banking experience, the vast majority of community bank customers are satisfied. And, local businesses dealing with community banks not only reported the most satisfaction, but also the most success. Those findings didn’t surprise us. Community banks, Norway Savings Bank included, are local small businesses themselves, so they have a definite leg up on outsiders.”
Norway Savings Bank has been helping its neighbors and friends since it began in 1866. Today, after 153 years, it continues to provide a superior personal experience through 24 conveniently located offices throughout Western and Southern Maine and can also be found online at norwaysavings.bank.
Norway Savings Bank: “Live Your Life in Color.”
Member of the FDIC and an Equal Housing Lender.
BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.
About Norway Savings Bank
Founded in 1866, Norway Savings Bank is a leading mutual banking and financial services company headquartered in Norway, Maine. As of September 30, 2019, Norway Savings Bank had $1.24 billion in total assets. Norway Savings Bank has 24 branch locations and operates divisions in asset management, personal banking and business banking. In 2016, Norway Savings Bank was honored as one of the Best Banks to Work For by American Banker and Best Companies Group as well as one of the Best Places to Work in Maine. In 2019, Norway was recognized with the “Best Wellness Employer – Gold Certification” by Wellness Workdays. BauerFinancial has designated 5-Star Norway Savings Bank the “Best of Bauer” for earning and maintaining its highest 5-star rating for 29 continuous years. For more information, visit www.norwaysavings.bank.