CHERRY — BauerFinancial of Coral Gables, Fla., has placed State Bank of Cherry on its 5-star superior rating list. This rating (based on Sept. 30 financial data) indicates the bank is on of the strongest banks in the nation.
The State Bank of Cherry has earned this highest 5-star rating for 82 consecutive quarters; earning the bank a designation as “Sustained Superiority Bank”, which only 8 percent of the nation’s banks have earned this top rating for so long and with such consistency.
“While banks may look alike on the surface, community banks, like State Bank of Cherry, are community partners,” said Karen L. Dorway, president of the rating firm. “By keeping deposits local and focusing on the success of the communities in which it does business, State Bank of Cherry has thrived where other banks have faltered.”
State Bank of Cherry, started in 1906, is located on South Main Street in Cherry. Its website address is www.statebankofcherry.com.
Bauer Financial has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com.