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Community Focus Pays Off as Norway Savings Bank Earns Highest 5-Star Rating

January 13, 2012

BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading bank rating and research firm, proudly recognizes Norway Savings Bank, Norway, Maine as a Superior 5-Star rated bank. A 5-Star rating denotes that Norway Savings Bank is one of the best in the nation in terms of its overall financial performance. In fact, Norway Savings Bank has earned this 5-Star Superior rating for the last 88 consecutive quarters putting it in an even more elite group of “Sustained Superiority Banks”. Only 5% of the nation’s banks can claim this distinction.

The recent uproar against Big Banks has shed a whole new light on community banks, and for good reason,” observes Karen L. Dorway, president of BauerFinancial. “While the primary focus of the big banks is dividend payments, smaller banks tend to be locals and therefore more in tune with the communities they serve. This community focus has paid off as Norway Savings Bank has earned Bauer’s highest 5-Star rating for strength and stability.

Established in 1866, Norway Savings Bank has proudly served its local communities for 146 years. The bank currently operates 20 convenient locations throughout western and southern Maine and provides services in asset management, personal and business banking. In 2007 and 2008, Norway Savings Bank was recognized as one of the Best Places to Work in Maine by the Society for Human Resource Management’s Maine State Council.  In 2011, Norway Savings Bank earned a Gold-Level Well Workplace Award by the Wellness Council of America, distinguishing the bank as one of the healthiest companies in America. For more information about Norway Savings Bank, visit at www.norwaysavingsbank.com

BauerFinancial, Coral Gables, Florida, the nation’s leading 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 BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.

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