SPRING VALLEY — Spring Valley City Bank has achieved another five-star superior rating from Bauer Financial Inc., the nation’s premier bank rating firm.
Not only has Spring Valley City Bank earned Bauer’s highest rating for financial strength and stability, it has maintained that top rating for 110 consecutive quarters, giving it the added status of being a “Best of Bauer Bank.”
This designation is reserved specifically for banks that have earned Bauer’s highest rating consistently for 100 consecutive quarters — or longer. Earning and maintaining Bauer’s highest five-star rating indicates Spring Valley City Bank is one of the strongest banks in the nation.
“BauerFinancial would like to congratulate Mr. Matthew Merboth, president and CEO, and the entire team at Spring Valley City Bank. Strong leadership and dedication to excellence both inside the bank and outside in the community are the building blocks for success,” Karen Dorway, president of the research firm, said.
“Community banks, like Spring Valley City Bank, are fiscally fit because they go the extra mile to help their neighbors and friends be fiscally fit as well. In the end, Spring Valley City Bank reaps the benefits of the strong communities it helped to build,” Dorway said.
Spring Valley City Bank was established in 1905 and has been serving its neighbors and friends for 114 years. Today, Spring Valley City Bank operates through its offices in Peru and Spring Valley and can be found online at www.svcb.com.