VAN WERT — Van Wert Federal Savings Bank was notified that they had earned recognition as a “Best of Bauer” bank.
Financial recognizes banks that have excelled in the areas of capital
adequacy, profitability, asset quality and other financial areas with a
five star rating.
Van Wert Federal Savings Bank is the only area
bank to have received this recognition for 110 consecutive quarters,
since Bauer Financial started awarding financial institutions with their
five-star rating. While other banks have received a Bauer Financial
five-star rating, only 52 banks of the 6,232 banks in the United States
have achieved the “Best Of Bauer” status for having a five-star rating
for 27 years.
“The fact that Van Wert Federal Savings Bank
received this recognition of strength and stability, while contributing
over 10 percent of its earnings to the different organizations and
groups within the Van Wert community, is very rewarding,” said Van Wert
Federal President/CEO Gary Clay.
Van Wert Federal Savings has been serving the Van Wert community since 1889 and is located at 976 S. Shannon St., Van Wert.