June 2014: BauerFinancial, Inc., Coral Gables, Florida, the nation’s bank rating firm, commends Clear Mountain Bank, Bruceton Mills, West Virginia for proving once again that it is a steadfast and invaluable partner to the communities it serves.
The FDIC touts the benefits of community banks, saying they are “important providers of credit to small businesses and serve hundreds of counties and thousands of communities that are overlooked by larger noncommunity institutions.” (FDIC Quarterly 2014, Volume 8, No. 2.) Karen L. Dorway, president of BauerFinancial, added, “Community banks, like Clear Mountain Bank, that have been able to earn and maintain Bauer’s top rating for strength and security reflect that deep-rooted sense of loyalty to the local community.”
Clear Mountain Bank’s latest 5-Star rating is based on March 31, 2014 financial data and signifies that it is one of the strongest banks in the nation. What’s more, having earned and maintained this top 5-Star rating for 43 consecutive quarters, puts Clear Mountain Bank in an even more elite group of “Exceptional Performance Banks”, a designation reserved for those institutions that have earned 5-Stars for ten consecutive years or longer.
Clear Mountain Bank is a locally-owned and managed community bank serving Monongalia, Preston and Garrett counties. Clear Mountain Bank offers a comprehensive array of banking services. The company is a leader in providing electronic banking services, including Mobile Banking and Remote Deposit. Additional information is available at www.clearmountainbank.com.
