Savings Institute Bank & Trust Earns 22nd Consecutive 5-Star Rating

Sep 25, 2015

September 2015: Savings Institute Bank & Trust, Willimantic, Connecticut’s achievement of BAUER FINANCIAL’s coveted 5-Star Superior rating puts it in an elite category as one of the strongest banks in the nation, excelling in such areas as capital, loan quality, profitability and more. Savings Institute Bank & Trust has earned this highest 5-Star Superior rating for the most recent 22 consecutive quarters.

BAUER FINANCIAL, Inc. Coral Gables, Florida, the nation’s premier bank rating firm, is pleased to recognize Savings Institute Bank & Trust for its Superior level of financial performance earning its highest (5-Star) rating for strength and stability. “We don’t have to tell you how difficult it has been for the banking industry these past eight years, but Savings Institute Bank & Trust has not only survived, it has thrived.” remarks Karen L. Dorway, president of the rating firm. ”Being able to maintain the highest level of financial performance, even in the most difficult of environments, Savings Institute Bank & Trust was able to stay customer-focused while others were trying to stay afloat. Savings Institute Bank & Trust deserves this commendation.”

Savings Institute Bank & Trust Company which is headquartered in Willimantic, Connecticut offers twenty-six branches throughout Rhode Island and eastern Connecticut. At $1.4 Billion, the Bank is a full service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses within its market area.

AUERFINANCIAL, 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. Consumers may obtain free star-ratings by visiting bauerfinancial.com.