June 28, 2016
VERO BEACH, FLA. - Bauer Financial, the nation’s premier bank rating firm, has announced that Marine Bank & Trust has earned 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.
VERO BEACH, FLA. - Bauer Financial, the nation’s premier bank rating firm, has announced that Marine Bank & Trust has earned 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 validation of the health and stability of our Bank, it’s still our customers’ satisfaction that remains our priority,” said Bill Penney, President and CEO of Marine Bank. “But, we hope this rating will entice people to give our community bank a try and enjoy big bank convenience while experiencing exceptional personal service.”
About Bauer Financial
BauerFinancial, 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.