(DUNMORE, PA) - Fidelity Bank has earned a Five Star “Superior” rating for the 4th consecutive year from Bauer Financial, Inc., the nation’s leading bank rating and research firm, for the quarter ended on December 31, 2016.
Bauer Financial is an independent rating company analyzing and reporting on the performance of U.S. banks and credit unions since 1983. Financial institutions that earn a Five Star rating from Bauer Financial are placed on the Bauer Financial Recommended Report.
“Our ‘Superior’ rating from Bauer Financial attests to Fidelity Bank’s success and record earnings of 2016. Our goal is to exceed client’s expectations and to build lasting relationships by providing products and services designed to address our clients' individual needs.” said Daniel Santaniello, President and Chief Executive Officer of Fidelity Bank. “Enhanced by local decision-making, we credit our Bankers’ emphasis on providing outstanding client service and trusted financial advice with our continued success.” he added.
Bauer’s star-ratings are independent and unbiased, and assigned on a scale of zero to five stars, with five being the strongest. The rating is based on Fidelity Banks’s financial strength and safety based on factors such as capital, asset quality, profitability, risk management and sound business practices
Bauer Financial rates financial institutions 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.
Fidelity Bank has built a strong history as trusted advisors to the customers served, and is proud to be an active member of the community of Northeastern Pennsylvania for over 115 years. With 10 branches located throughout Lackawanna and Luzerne Counties, Fidelity Bank offers full-service Trust & Investment Departments, a mortgage center, and an array of personal and business banking products and services. The Bank provides 24 hour, 7 day a week service to customers through branch offices, online at www.bankatfidelity.com, and through the Customer Care Center at 800-388-4380.
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