5-Star Garrett State Bank
Puts the Community in “Community Bank”
June 2021: Garrett State Bank, has once again been awarded the highest (5-Star) rating for financial strength and stability from the Nation’s Premier Bank Rating Firm, BauerFinancial, Inc. In order to earn the 5-Star rating, Garrett State Bank underwent a rigorous, independent analysis of its financial condition and came out on top! Garrett State Bank has the strength to support its community as it consistently excels in areas such as capital strength, profitability, asset quality, and much more. This is the 53rd consecutive quarter that Garrett State Bank has earned this top rating. That has earned Garrett State Bank an even higher designation as an “Exceptional Performance Bank”, a status reserved for institutions that have earned Bauer’s highest rating consistently for at least 10 consecutive years.
“One thing that has been made clear in the past year and a half is that a bank is neither a building nor technology. While both are good and necessary, it’s the people behind the walls and technology that make a bank what it is. They are also what has made Garrett State Bank such an invaluable resource for the community. Garrett State Bank’s employees have shown tremendous dedication and commitment to both customers and the community”, notes Karen Dorway, president of BauerFinancial. “Community banks, like Garrett State Bank, help their neighbors through the good times and the bad. And Garrett State Bank’s employees have done an admirable job, maintaining an unblemished balance sheet all the while.”
Garrett State Bank was established in 1893 and has been a source of strength for neighbors and friends throughout the community for 128 years. Dedicated employees are at your service and ready to lend a hand. Find them at the branch, by phone or online at garrettstatebank.com.