SPRING VALLEY — Spring Valley City Bank in Spring Valley has been recognized as a five-Star superior bank by the nation’s leading bank rating and research firm, BauerFinancial Inc.
A five-star rating indicates that Spring Valley City Bank is one of the strongest banks in the nation. Among other factors, to earn this rating Spring Valley City Bank must not only report impressive capital levels but also an enviable loan portfolio with negligible levels of delinquent loans. The fact that Spring Valley City Bank has earned this five-star superior rating for the last 80 consecutive quarters puts it in an even more elite group of “sustained superiority banks.” Only 7 percent of the nation’s banks can claim this distinction.
Karen L. Dorway, president of BauerFinancial, would like to congratulate the entire team at Spring Valley City Bank. “Under the leadership of Mr. Dave Kromphardt, president, Spring Valley City Bank is one of the U.S. banks that evokes an image of a brighter banking future for its members. That’s good news regardless of your age and income bracket.”
Spring Valley City Bank first opened its doors in 1905 and has been serving its local communities ever since. It operates through offices on North Cornelia Street in Spring Valley and can also be found on the Internet at www.svcb.com.
BauerFinancial Inc. of Coral Gables, Fla., the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. credit unions and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded.