Monson Savings Bank Receives Superior 5-Star Rating for Financial Strength & Stability
BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, is pleased to announce that Monson Savings Bank, Monson, MA, has earned its highest, 5-Star Superior rating for financial strength and stability for the 57th consecutive quarter. Having maintained its financial strength and stability for over a decade, Monson Savings Bank has also earned another designation as an “Exceptional Performance Bank.” Only banks that have earned and maintained this highest 5-Star rating for ten years (40 consecutive quarters), or longer, may claim this distinction. This latest rating was assigned in March 2024 based on December 31, 2023 financial data and signifies that Monson Savings Bank continues to be one of the strongest banks in the nation.
“…there are still banks, like Monson Savings Bank,
that continue to provide a sense of security.”
“It gives me great pleasure to announce that there are still banks, like Monson Savings Bank, that continue to provide a sense of security in this insecure world,” heralds Karen Dorway, President of BauerFinancial. “Friends and neighbors of Monson Savings Bank probably already know this. They have the privilege of having a true community bank that sticks to common-sense banking values, right in their community. It’s important to let those who might not be aware, know that they have the strength of a 5-Star bank right in their midst.”
After receiving the news about Monson Savings Bank’s 5-Star Bauer rating, Dan Moriarty, Monson Savings Bank President & CEO responded, “Our entire team at Monson Savings Bank works together to ensure our performance in financial strength and stability remain consistent year-after-year. As a local community bank serving the financial needs of our area for more than 152 years, we are incredibly proud of this 5-star rating. It represents the hard work put forth to remain well-capitalized and financially sound so we can continue to provide our customers with the best support and services and contribute to the vibrancy of our local communities. We want our community members to know they can trust in Monson Savings Bank.”
Established in 1872, Monson Savings Bank has been a dedicated banking partner for the community for 152 years. Making connections and supporting this community has been its hallmark since its inception. Being rated 5-Stars by Bauer, the best, most trusted and most convenient place to go for a validated, statistical review of your bank’s financial strength, is the fruit of its labor.
About Bauer Financial
Bank and Credit Union data compiled from financial data for the period noted, as reported to federal regulators. The financial data obtained from these sources is consistently reliable, although; the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. Since 1983, BauerFinancial has relied upon this data in its judgment and in rendering its opinion (e.g. determination of star ratings). BauerFinancial, Inc. is not a financial advisor; it is an independent bank research firm. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.
