CHERRY — State Bank of Cherry has earned a five-star rating from BauerFinancial, a bank rating firm.
Earning and sustaining Bauer’s highest rating for the most recent 97 consecutive quarters puts State Bank of Cherry in a prominent position as a sustained superiority bank. 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.
A five-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and more.
“By earning Bauer’s highest five-star rating, State Bank of Cherry proves to its customers and the community that it is committed to their needs and to financial discipline,” said Karen L. Dorway, president of BauerFinancial. “As times change, so do customers’ needs. Community banks like State Bank of Cherry excel at finding ways to meet these ever-changing needs while maintaining financial discipline and prudent underwriting.”
State Bank of Cherry was established in 1906.