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 52 consecutive quarters puts Adirondack Trust in an even higher bracket as an Exceptional Performance Bank.
“This is the beauty of community banking,” BauerFinancial President Karen Dorway said. “The success of a community bank directly correlates to the success of the community it serves. Community banks don’t need exotic investment instruments to make money for their shareholders. They much prefer to invest in local businesses and reap the benefits along with their neighbors. This approach has served the Adirondack Trust Company very well. Earning and maintaining Bauer’s top 5-Star rating for 52 consecutive quarters consistently for 13 years gives Adirondack Trust an even higher status as an Exceptional Performance Bank.”
“We are pleased to be honored by Bauer Financial as an Exceptional Performance Bank,” Adirondack Trust Company Executive Vice President 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
Saratoga Springs, NY 12866