TICONDEROGA - Glens Falls National Bank & Trust Co., known as one of the nation's strongest banks, has earned BauerFinancial's highest 5-Star Superior rating for strength and stability. The past few years have been difficult for the banking industry and the fact that Glens Falls National Bank & Trust Co. continues to excel in such areas as capital adequacy, delinquent loan levels and profitability, clearly indicates it is one of the strongest banks in the country. In addition, Glens Falls National has earned this top 5-Star rating for 13 straight quarters.
Karen L. Dorway, President of BauerFinancial, noted in a press release, "The fact that Glens Falls National Bank & Trust Co. continues to not just withstand the pressures, but even excel in this environment, indicates its management is doing things right. Bauer's stringent 5-Star requirements haven't changed, however the climate definitely has and the fact that Glens Falls National Bank & Trust Company has earned this prestigious rating sets it well above the competition."
Established in 1851, Glens Falls National Bank operates through 29 offices located in five counties in upstate New York and can be found on the web at www.gfnational.com.
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 pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.