5-Star Norway Savings Bank Designated “Best of Bauer” for 106 Straight 5-Star Ratings
October 2016: BauerFinancial Inc., Coral Gables, FL, the Nation’s Premier Bank Rating Firm, proudly announces that Norway Savings Bank, Norway, Maine has once again achieved “Best of Bauer” status for earning and maintaining its Highest, 5-Star rating for 25 continuous years or longer.
BauerFinancial has been analyzing and reporting on the nation’s banks since 1983… providing ratings you can trust. Earning a 5-Star rating from Bauer indicates that Norway Savings Bank is one of the strongest banks in the nation. Some of the areas in which it excels are:
Capital – more than twice the capital than is required by regulators;
Loan Quality – delinquent loan levels are manageable;
Profitability – Norway Savings Bank earned $1.858 million in the first quarter 2016 and $9.217 million in 2015.
“We’ve been doing this for a long time”, notes Karen L. Dorway, president of BauerFinancial, “We’ve seen the ups …and the downs of this industry and the one constant, is that community banks, like Norway Savings Bank, continue to shine, even in the toughest times. Knowing their customers is the key to making solid investments into the future of the communities they serve.”
Norway Savings Bank was established in 1866 – 150 years ago – and has been providing top quality banking services to its neighbors ever since. Today, in addition to its website (norwaysavingsbank.com), Norway Savings Bank operates through 24 conveniently located branch offices in western and southern Maine.
Norway Savings Bank: “Colorful Solutions.TM”
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 June 30, 2016, Norway Savings Bank had $1.060 billion in total assets and provides financial services to over 38 thousand households throughout western and southern Maine. 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 2013, Norway Savings Bank received the Governor’s Award for Business Excellence and has been recognized as one of the healthiest companies in America by the Wellness Council of America (WELCOA) as a two-time Gold-Level Well Workplace award recipient. BauerFinanical has designated 5-Star Norway Savings Bank the “Best of Bauer” for earning and maintaining its highest 5-star rating for 25 continuous years or longer. For more information, visit www.norwaysavingsbank.com.
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