Coral Gables, Florida, BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly announces that Norway Savings Bank, Norway, Maine has once again been awarded 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 124 consecutive quarters, means that Norway Savings Bank did not just make it through the Great Recession and is not just holding on now during this pandemic, but has triumphed over everything that has been thrown its way for decades.
The “Best of Bauer Bank” designation is reserved specifically for banks that have earned Bauer’s highest rating (5-Stars) consistently for at least 25 consecutive years, like Norway Savings Bank. “That’s impressive in the best of times,” notes Karen Dorway, president of the research firm. “But I can’t overstate the strength and prudence that Norway Savings Bank has exhibited over the past decades that got it to this point. And as we begin 2021, we have every reason to believe that Norway Savings Bank will continue to thrive.”
Norway Savings Bank was established in 1866 and has been a boon for the communities it serves ever since. Whether at a branch, on your phone or online at norwaysavings.bank, 5-Star rated Norway Savings Bank is ready, willing and able to serve its neighbors and friends.
Norway Savings Bank: “Live Your Life in Color”
Member of the FDIC and an Equal Housing Lender.
Bank and Credit Union data compiled from financial data for the period noted, as reported to federal regulators. The financial data obtained from these sources is consistently reliable, although; the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. Since 1983, BauerFinancial has relied upon this data in its judgment and in rendering its opinion (e.g. determination of star ratings). BauerFinancial, Inc. is not a financial advisor; it is an independent bank research firm. 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 December 31, 2020, Norway Savings Bank had $1.525 billion in total assets. Norway Savings Bank has 24 branch locations and operates divisions in trust and investment services, 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 2020, Norway was recognized with the “Best Wellness Employer – Gold Certification” for the second year in a row by Wellness Workdays. BauerFinancial has designated Norway Savings Bank the “Best of Bauer” for earning and maintaining its highest 5-star rating for 31 continuous years. For more information, visit www.norwaysavings.bank.