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5-Star Garrett State Bank Continues to Thrive

Coral Gables, Florida, BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly announces that Garrett State Bank, Garrett, Indiana has once again been awarded its highest (5-Star) rating for financial strength and stability. Earning a 5-Star rating indicates this bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 51 consecutive quarters gives Garrett State Bank the added title of “Exceptional Performance Bank”, a status reserved for banks that have earned Bauer’s highest rating consistently for at least 10 consecutive years. Garrett State Bank has triumphed over everything that has been thrown its way over the past decade.

“This rating is impressive in the best of times,” notes Karen Dorway, president of the research firm. “But I can’t overstate the strength and prudence that Garrett State Bank has exhibited over the past years that got it to this point. And as we begin 2021, we have every reason to believe that Garrett State Bank will continue to thrive.”

Garrett State Bank was established in 1893 and has been a boon for the communities it serves ever since. Whether at a branch, on your phone or online at garrettstatebank.com, 5-Star rated Garrett State Bank is ready, willing and able to serve its neighbors and friends.

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125 Years Anniversary - Garrett State Bank

Latest Articles

5-Star Garrett State Bank Continues to Thrive

Coral Gables, Florida, BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly announces that Garrett State Bank, Garrett, Indiana has once again been awarded its highest (5-Star) rating for financial strength and stability. Earning a 5-Star rating indicates this bank excels in areas of capital adequacy, profitability, asset quality and much more.

Read more

Garrett State Bank Recognized for Exceptional Performance

BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, commends Garrett State Bank, Garrett, Indiana on its achievement of another 5-Star Superior Rating. Not only has Garrett State Bank earned Bauer’s highest (5-Star) rating for financial strength and stability, it has maintained that top rating for 50 consecutive quarters, sailing through one of the most trying economic times of our lifetimes and giving it an added designation of “Exceptional Performance Bank”. 

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Celebrating 125 Years

The Garrett State Bank and the City of Garrett were named after John Work Garrett. John's father Robert Garrett had become a successful merchant and shipper in Baltimore and had extensive interests throughout the East. He stepped in to assist the financially embarrassed Baltimore and Ohio Railroad in several ways. Bonds were sold to finance the extension to Wheeling WV and his firm assisted in making various management decisions. Robert Garrett's sons, Henry and John W. Garrett became members of the Board of Directors of the railroad.

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Kayla Konger Named 2018 Rising Star in Banking

Minneapolis, June 26, 2018 — Kayla Konger, vice president and senior retail officer for The Garrett State Bank, Garrett, Ind., has been named a 2018 Rising Star in Banking by NorthWestern Financial Review/BankBeat magazine. United Bankers’ Bank, Bloomington, Minn., partners with NorthWestern Financial Review/BankBeat as sponsor of the program designed to recognize banking industry up-and-comers.

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