EBSB is Rated 5-Stars by BauerFinancial
November 9, 2016
East Boston Savings Bank is proud to announce it has earned BauerFinancial Inc.’s highest 5-Star Superior rating and can be found in BauerFinancial's Recommended Bank Report.
BauerFinancial star ratings classify each institution based upon a complex formula factoring in current and historical data. The first level of evaluation is the capital level of the institution followed by other relevant data including, but not limited, to: profitability, historical trends, loan delinquencies, repossessed assets, reserves, regulatory compliance, proposed regulations and asset quality. Negative trends are projected forward to compensate for the lag time in the data. BauerFinancial employs conservative measures when assigning these ratings and consequently the analysis may reflect a lower rating than those supplied by other analysts or the institutions themselves.
"When we opened our doors in 1848 our mission was much the same as it is today, to deliver valued banking services to satisfy lifetime needs by building long term relationships based on trust, safety and friendly service. We are committed to all of our customers, big and small, individuals and businesses in providing them with the quality product, excellent service and sound advice” stated East Boston Savings Bank’s Chairman, President & CEO Richard J. Gavegnano.
BAUERFINANCIAL, Inc., 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 can pay for or opt out of a BauerFinancial rating. For more information on the BauerFinancial 5-Star ratings, visit http://www.bauerfinancial.com/btc_ratings.asp.