CHERRY — State Bank of Cherry announced it has once again earned BauerFinancial Inc.’s highest 5-Star Superior rating. Earning and sustaining Bauer’s highest rating for the most recent 91 consecutive quarters puts State Bank of Cherry in an even more elite group of Sustained Superiority Banks. This designation is only available to the top 10 percent, those banks that have maintained their 5-Star rating for longer than 90 percent of the industry.
BauerFinancial Inc., Coral Gables, Fla., the nation’s bank rating firm, has been analyzing and reporting on the nation’s banks since 1983. A 5-Star rating by Bauer indicates that State Bank of Cherry is one of the strongest banks in the nation, excelling in such areas as capital, loan quality, profitability and much more.
Karen L. Dorway, president of BauerFinancial, recognizes that, “As market conditions continue to change, banking institutions must be adept enough to evolve with them. With State Bank of Cherry’s stellar financial condition and track record, we have no doubt in its ability to do so. The community is privileged to have such a strong financial partner in its midst.”
Established in 1906, State Bank of Cherry has been serving its neighbors for the past 110 years. Today it operates through an office on South Main Street in Cherry and can also be found on the Internet at www.statebankofcherry.com.