Robertson Bank earns 5-Star rating
Published 7:22 pm Tuesday, December 21, 2010
BauerFinancial, Inc., the nation’s bank rating firm, has recognized Robertson Banking Company as one of the strongest banks in the nation, awarding the local financial institution a 5-Star rating for the sixteenth consecutive quarter.
To earn Bauer’s 5-Star Superior rating, banks must excel in areas of capital adequacy, delinquent loan levels and profitability.
“The staff and management of Robertson Banking Company should be very proud to work for such a strong financial institution,” Karen L. Dorway, president of the research firm said. “Often the general public does not know the financial strengths or weaknesses of their bank, so BauerFinancial’s highest rating helps to assure customers and the community that they are dealing with a strong financial institution that will be able to fulfill their banking needs for years to come.”
Robertson Banking Company was established in 1870 and has been serving the banking needs of its neighbors and friends for 140 years. It operates through five conveniently located offices in Demopolis, Linden, Thomaston and Tuscaloosa.
Robertson’s history and roots in Marengo County are something RBC President Al Garrett attributes to the bank’s success story.
“We’ve got upwards of 70 employees, and most all of them are actively involved in the community in one way or another,” he said. “That’s in the chamber of commerce, Relay For Life, and lots of other things. The bank and its employees support the community and the community supports us.”
BauerFinancial, 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.
Among other local banks, Sweet Water State Bank also received a 5-Star Rating. Mobile-based BankTrust received three stars and First Bank of Linden received 3.5 stars.