Adirondack Trust Company Recognized ‘Indisputably’ as one of Nation’s Strongest Banks
Saratoga Springs, New York—The Adirondack Trust Company is pleased to report that it has once again secured a 5-Star rating from BauerFinancial, the Nation’s Premier Bank Rating Firm. A five-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 55 consecutive quarters puts Adirondack Trust in the most prestigious bracket as an Exceptional Performance Bank.
“I am often asked what it takes to be a 5-Star bank,” BauerFinancial President Karen Dorway said. “Like so many other things in life, success in banking boils down to knowledge. Knowledge of banking, of course, but knowledge of its customers and the communities the bank serves are equally important. This intimacy enables the bank to steer clear of danger and work with customers for a common goal. It’s what gets so many community banks, like Adirondack Trust, through the tough times unscathed.”
“We are pleased to continue to be honored by BauerFinancial as an Exceptional Performance Bank,” Adirondack Trust Company President & CEO Charles V. Wait, Jr. said of the achievement. “We are focused on maintaining a very strong balance sheet and our strong financial discipline has helped us to achieve this honor. We are grateful for the support we’ve received from our customers and our communities since our founding in 1901.”
BauerFinancial, Inc., based in Coral Gables, Fla., is 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.
The Adirondack Trust Company is an independent, locally owned and operated, community bank offering a wide variety of business and personal financial services. The bank has more than $1 billion in assets and 13 branch offices. The bank offers banking, trust, insurance, and wealth management services, and originates real estate mortgages, both residential and commercial, and commercial business loans throughout its primary market area. The bank is a Bauer 5-Star Rated Superior bank. The bank’s website is AdirondackTrust.com.
###
Adirondack Trust Company
473 Broadway
Saratoga Springs, NY 12866
(518) 584-5844
AdirondackTrust.com