March 30, 2018
The Adirondack Trust Company is pleased to report it has once again secured a 5-Star rating from BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm. (A five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more.) The Adirondack Trust Company has earned and maintained this top honor for more than 10 years putting it in an even more prominent position as an “Exceptional Performance Bank”. This designation is reserved for those banks securing a 5-Star rating for 10 years or longer.
“A lot of things have changed since the Great Recession,” reflects Karen L. Dorway, president of BAUERFINANCIAL. “Technology, in particular, has changed the way many people bank, but it will never replace a bank’s knowledge of its customers. Community banks, like The Adirondack Trust Company, have the upper hand on that. Through personal interaction, they can meet their customers’ needs today while anticipating them for tomorrow.”
Charles V. Wait, Jr., Executive Vice President of the Adirondack Trust Company added, “We are honored to be recognized by BauerFinancial as an Exceptional Performance Bank. Since 1901, our commitment has been to go above and beyond for our customers and our communities every day.”
BAUERFINANCIAL, Inc., based in Coral Gables, Florida, 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.