5-Star Rated Port Washington State Bank is One of the Nation’s Strongest Banks
BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, recently awarded PWSB a 5-Star Superior Rating in Q1 of 2020. Earning this 5-Star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and more.
Not only has Port Washington State Bank earned Bauer’s highest (5-Star) rating for financial strength and stability, it has earned and maintained Bauer’s recommendation (4 stars or 5 stars) for 30 consecutive quarters and a total of 96 quarters over the course of nearly three decades, when the firm first began rating the bank in 1989.
Bauer Financial has been reporting 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 to review at no charge by visiting bauerfinancial.com.
“As the president of BauerFinancial, I am often asked what it takes to be a 5-Star bank,” reflects Karen Dorway, president of the research firm. “Like so many other things in life, success in banking boils down to knowledge. Knowledge of banking, of course, but knowledge of its customers and the communities the bank serves are equally important. This intimacy enables the bank to steer clear of danger and work with customers for a common goal. It’s what gets so many community banks, like Port Washington State Bank, through the tough times unscathed.”