October 3, 2018
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 a 5-Star rating indicates this bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 49 consecutive quarters, puts the Adirondack Trust Company in an even higher bracket as an “Exceptional Performance Bank”. This title is achieved after successfully earning the top 5-Star rating for 40 consecutive quarters (ten years or longer).
“This achievement requires tremendous resilience and fortitude,” observes Karen Dorway, president of BauerFinancial. “We saw a lot of banks that were lacking those qualities that are, unfortunately, no longer around. But community banks, like the Adirondack Trust Company, have some definite advantages. Its smaller size allows its team to know each customer more intimately, which not only makes every customer a priority, it also improves loan underwriting.”
Charles V. Wait, Jr., Executive Vice President of the Adirondack Trust Company added, “We are once again 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. We will continue to better ourselves as the market changes and continue provide excellent service to our customers and communities.”