October 15, 2024Bauer Financial, the nation’s premier bank rating firm, has awarded Marine Bank with its coveted 5-star Superior rating. Bauer ratings are based on several factors including profitability/loss trend, level of delinquent loans and repossessed assets, the market versus book value of the investment portfolio, the community reinvestment rating (CRA), liquidity and more.
“Although we’re proud to receive this distinction, it’s our customers' satisfaction that remains our top priority,” said Bill Penney, President and CEO of Marine Bank. “However, we trust that the health and stability of our Bank coupled with our reputation for exceptional personal service will entice people to make the move to Marine Bank.”
About Bauer Financial
Bauer Financial, Inc. has been analyzing and reporting on the financial condition of the nation’s banking industry since 1983. Bauer Financial obtains the data each bank and credit union is required to file with federal regulators four times a year and analyzes it and compares it with historical data for consistency. Upon completion of the analysis, a star-rating is assigned based on a scale of zero to five stars with five stars being the strongest. No institution pays for its rating, nor can they avoid a rating. For more information, please visit www.bauerfinancial.com.