CHERRY — The State Bank of Cherry has once again earned a five-star superior rating from BauerFinancial Inc. of Coral Gables, Fla., the nation’s leading independent bank and credit union rating and research firm.
A five-star rating signifies the State Bank of Cherry is one of the strongest banks in the nation.
“Since 1983, BauerFinancial has been rating the nation’s financial institutions,” said Karen L. Dorway, president of the rating firm. “In all that time, one thing has remained constant: Top performing institutions maintain strong policies, prudent underwriting and responsible investment. State Bank of Cherry is a bank you can put your trust in.”
This is the 79th consecutive quarter the State Bank of Cherry has merited this highest honor. Earning the firm’s highest five-star rating for a decade or longer puts the State Bank of Cherry in an elite group of banks called sustained superiority banks. Only 9 percent of the nation’s banks can claim that distinction.
The State Bank of Cherry, established in 1906, has its office located on South Main Street in Cherry. It can also be found on the Internet at www.statebankofcherry.com.