News
September 29, 2020Adirondack Trust Company Recognized as Thriving in the Face of Adversity
The Adirondack Trust Company is pleased to report that it has once again secured a 5-Star rating from BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm. A five-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 57 consecutive quarters puts Adirondack Trust in the most prestigious bracket as an Exceptional Performance Bank.
“The Adirondack Trust Company is proof that some banks are able to thrive even in the face of substantial adversity,” BAUERFINANCIAL President Karen Dorway reflected. “We know the secret. As your local, community bank, The Adirondack Trust Company has a deep understanding of the needs and conditions of this area, perhaps better than anyone.”
“We are pleased to continue to be honored by BAUERFINANCIAL as an Exceptional Performance Bank,” Adirondack Trust Company President & CEO Charles V. Wait, Jr. said of the achievement. “Now more than ever, we are called to support our community, and will continue to do this in the future.”
BAUERFINANCIAL, Inc., based in Coral Gables, Fla., is 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. Star ratings are all available for free at bauerfinancial.com.
