Report a lost or stolen Debit/ATM Card please call 1 (844) 890-6189. | Routing #221971086 | NMLS #684320
Wednesday, December 7 2022
Rondout Savings Bank has earned a 5-Star rating, awarded by BauerFinancial Inc., the nation’s bank rating firm.
The Best of Bauer Award of Excellence is an accomplishment only achieved by 4.2% of the banks surveyed nationally. The 5-Star Superior Rating indicates that Rondout Savings Bank is one of the strongest in the nation, exceptional in areas of capital, loan quality, profitability and more.
“Our continued strong capital position has allowed us to continue to maintain our BauerFinancial 5-Star top quality financial rating— an honor we have received for over 30 consecutive years. Our financial strength, coupled with our ongoing community commitment, will allow us to contribute 10% of our annual earnings each year through our Dividends to the Community program.”
Rondout Savings Bank has set itself apart from and beyond the ratings of other local banks, further evidence that the leadership’s hard work and dedication to the bank’s core vision is paramount to its success.
What is BauerFinancial Inc.?
BauerFinancial Inc. is a nationally recognized independent bank and credit union rating and research firm. A 5-Star rating from them means that they have done their research and declared Rondout Savings Bank to be one of the strongest banking institutions in the country, not bad for a real community bank where customers are treated like people, not bank account numbers.
BauerFinancial’s Star Ratings are assigned on a scale of zero-to-five stars and are based on the current overall financial picture of the bank. Areas reviewed include but are not limited to capital ratio, profitability/loss trend, evaluating the level of delinquent loans, charge-offs and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA), historical data and liquidity.