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Agriculture

State Bank of Cherry rated five-star bank

CHERRY — State Bank of Cherry has been rated a five-star superior bank by BauerFinancial of Coral Gables, Fla.

State Bank of Cherry has earned this highest five-star rating for the most recent 81 quarters. This rating (based on June 30 financial data) indicates that State Bank of Cherry significantly exceeds all federal capital requirements and maintains a low level of delinquent loans, among other benchmarks.

Having continuously earned a five-star rating for this length of time merits an even more elite distinction of being a “Sustained Superiority Bank.” Only 9 percent of the nation’s banks have earned Bauer’s top rating for so long and with such consistency.

State Bank of Cherry was established in 1906 and has been committed to providing the best of banking to its community for 107 years. It currently has one location on South Main Street in Cherry. Its website is www.statebankofcherry.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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