Community Banking Thrives at 5-Star Norway Savings Bank

JANUARY 16, 2015

Norway Savings Bank is proud to announce it has earned BauerFinancial’s 5-Star Superior rating for strength and security, proof positive that you don’t have to be the biggest to be the best.

BauerFinancial Inc., Coral Gables, Florida, the nation’s bank rating firm, has been evaluating and rating banks since 1983. A 5-Star Superior rating indicates that Norway Savings Bank is one of the strongest in the nation, excelling in areas of capital, loan quality, profitability and more. In factNorway Savings Bank has earned this highest rating for the most recent 100 consecutive quarters which secures it an even more elite status as a “Best of Bauer Bank”. This highest honor is reserved for those banks that have maintained the 5-Star rating for 25 years or longer.

“Local decisions, responsive service and a dedication to making the community a better place to live. These are the hallmarks of community banks and they are alive and thriving at Norway Savings Bank”, champions Karen L. Dorway, president of BauerFinancial. “Community banks have an understanding of what the community needs and provide the financial support tailored to those needs. The money deposited into a community bank is loaned back out to the community. It all stays local”, she continued.

In 2015 Norway Savings Bank will be celebrating 149 years of service to the community. Established in 1866, Norway Savings Bank (www.norwaysavingsbank.com) currently operates through 24 conveniently located branch offices throughout western and southern Maine.

Norway Savings Bank: “Colorful Solutions.SM”

Member of the FDIC and an Equal Housing Lender.


About BauerFinancial, Inc:

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. Consumers may obtain free star-ratings by visiting http://www.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, 2014, Norway Savings Bank had $998 million in total assets and provided financial services to over 38 thousand households throughout western and southern Maine. Norway Savings Bank has 23 branch locations and operates divisions in asset management, personal banking and business banking. In December 2014, BauerFinancial, Inc., the nation’s leading bank rating and research firm, honored Norway Savings Bank with its highest 5-Star rating for the last 100 consecutive quarters. In 2007 and 2008, Norway Savings Bank was recognized as one of the Best Places to Work in Maine by the Society for Human Resource Management’s Maine State Council. Norway earned the Financial Marketing Excellence Award from the American Bankers Association for its “Colorful Solutions” brand campaign in 2009. Most recently, Norway Savings Bank was awarded the 2013 Governor’s Award for Business Excellence, recognized as one of the 2013 Best Banks to Work For by American Banker and Best Companies Group, and distinguished as a Gold-Level Well Workplace by the Wellness Council of America (WELCOA). Norway also received the Gold-Level Well Workplace award from WELCOA in 2011. This award distinguishes Norway Savings Bank as one of the healthiest companies in America. For more information, visit www.norwaysavingsbank.com.

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