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December 2015: It is with great pleasure that BAUER FINANCIAL Inc., Coral Gables, Florida announces that Savings Institute Bank & Trust, Willimantic, Connecticut has earned its coveted 5-Star Superior rating for the 23rd consecutive quarter. “A 5-Star rating indicates that Savings Institute Bank & Trust is one of the strongest banks in the nation, excelling in such areas as capital, loan quality, profitability and much more. Earning Bauer’s 5-Star designation proves that Savings Institute Bank & Trust is getting it right,” expressed Karen L. Dorway, president of BauerFinancial, the nation’s bank rating firm.
”BauerFinancial has been touting the benefits and mainstays of community banks since its inception in 1983,” Dorway continues. “I am thrilled to be able to say that the January 2016 issue of Consumer Reports agrees. According to its own surveys, Consumer Reports concluded that smaller banks are best for personal service as they ‘tend to focus more on relationships’; over three-quarters of respondents indicated they were’ highly satisfied’ in the CR survey.”
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.
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. Consumers may obtain free star-ratings by visiting bauerfinancial.com.