Created: Wednesday, October 28, 2009 9:09 p.m. CST
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North Central Bank earns 
five-star rating

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David Ward, CEO of North Central Bank in Hennepin, has announced the bank has received a five-star superior rating from BauerFinancial. A five-star rating for financial strength and stability is the highest rating attainable from bank rating firm and is based on the overall financial condition of the bank.

Earning a five-star rating denotes that North Central Bank is one of the strongest banks in the nation. Achieving this designation for 83 consecutive quarters, like North Central Bank has, is an even higher honor. In fact, only 3 percent of the nation’s banks have earned this superior five-star rating 83 consecutive times.

“There’s an old adage that says no press is bad press, but if you’ve seen the banking news over the past year or two, you know this isn’t always true,” notes Karen L. Dorway, president of BauerFinancial. “That’s why it’s so important today to share some good banking news, and North Central Bank makes it easy. North Central Bank is a model community bank.”

North Central Bank was established in 1946 and has been serving the banking needs of its neighbors and friends for 63 years. It operates through two offices in Hennepin and Ladd and can be found on the Internet at www.ncb-ebanc.com.

BauerFinancial Inc. of Coral Gables, Fla,, an independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can it be eluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.

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