Quontic Bank has earned a coveted five-star rating from BauerFinancial, which is the nation’s premier independent bank rating firm.
A BauerFinancial five-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and historic trends, among other factors. The New York-based financial institution has earned and maintained a five-star rating from Bauer for eight consecutive quarters.
“This five-star rating is a testament to the work we do every day to ensure our continued financial strength while providing our customers with superior service,” said Steven Schnall, the chairman and CEO of Quontic Bank. “We are proud of this distinction.”
BauerFinancial has been independently reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No financial institution can pay for or opt out of a Bauer rating.
“By earning Bauer’s highest five-star rating, Quontic Bank proves to its customers and the community that it is committed to their needs and to financial discipline,” said Karen L. Dorway, the president of BauerFinancial. “As times change, so do customers’ needs. Community banks like Quontic Bank excel at finding ways to meet those ever-changing needs while maintaining discipline and prudent underwriting.”