DANBURY, CT, ISSUED OCTOBER 2, 2019…Savings Bank of Danbury (http://sbdanbury.com) has achieved another Superior 5-Star Rating from Bauer Financial, the nation’s premier bank rating firm.
Bauer has been analyzing banks for more than 30 years.
Karen Dorway, president of Bauer Financial, 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 Savings Bank of Danbury very well as Savings Bank of Danbury has earned and maintained Bauer’s top 5-Star rating for 13 consecutive quarters.”
In the time that Bauer has been analyzing banks, there has been a rise of increasingly complicated investments as well as burgeoning regulation. Each has added another hurdle when it comes to earning a 5-Star Rating from Bauer. Yet, according to officials at Bauer,“ Not only has the bank maintained safe capital levels, well in excess of what regulators require, Savings Bank of Danbury has been helping its neighbors and local businesses grow their community with prudent lending and innovative solutions – all without compromising its own financial health in the process.”
Martin Morgado, President and Chief Executive Officer at Savings Bank of Danbury, said, “We are honored to have achieved Bauer Financial’s top rating for another quarter. It means a great deal to us to achieve this recognition from Bauer, as an institution which evaluates banks all across the country. We thank them for their hard work in compiling these ratings.”
About Savings Bank of Danbury
Established in 1849 and headquartered at 220 Main Street, Danbury, Savings Bank of Danbury is a mutual savings bank with assets in excess of $1 billion. Savings Bank of Danbury has 15 branch offices in Bethel, Brookfield, Danbury, New Fairfield, New Milford, Newtown, Southbury, Stamford, and Waterbury, as well as lending offices in Farmington, Simsbury, Wallingford, and West Hartford. Stamford Mortgage Company, a wholly owned subsidiary, has a local office on Summer Street in Stamford. Savings Bank of Danbury is committed to serving their community.
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. Star-ratings are all available for free at bauerfinancial.com.