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North Central Bank honored

Published: Wednesday, July 31, 2013 1:04 p.m. CDT

HENNEPIN — North Central Bank has been rated a five-star superior bank by BauerFinancial of Coral Gables, Fla.

North Central Bank has earned this highest five-star rating for the most recent 98 quarters. This rating (based on March 31 financial data) indicates that North Central Bank is one of the strongest banks in the nation.

Having earned and sustained the five-star rating for this length of time merits an even more elite distinction of being a “Sustained Superiority Bank”. Only 3 percent of the nation’s banks have earned Bauer’s top rating for so long and with such consistency.

“There has been much discussion lately about the need for banks to boost their capital levels,” reports Karen L. Dorway, president of the rating firm. “That doesn’t worry North Central Bank; its capital ratios are already well above regulatory requirements. Under the direction of Mr. David R. Ward, president, North Central Bank excels in areas of asset quality, profitability and much more.”

North Central Bank has two branch offices located in Hennepin and Ladd. Its website address is www.ncb-ebanc.com.

BauerFinancial, the nation’s leading bank rating and research firm, has been analyzing and rating the nation’s financial institutions since 1983.

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