Putnam Bank has earned a 5-star “Superior” rating, the highest given, from Bauer Financial, a national independent bank rating firm. The 5-star rating is based on an evaluation of financial data as of June 30, 2016, filed with federal regulators and analyzed by Bauer Financial.
“Putnam Bank is honored to be recognized with a 5-star rating from Bauer Financial,” said Thomas Borner, Chairman and CEO of the bank. “This rating takes many factors into account, including our financial strength and performance. Putnam Bank’s mission is to be the leader among independent, community-based banks in Eastern Connecticut, dedicated to providing exceptional customer service and high-quality, innovative products. We are proud of our bank and the communities we serve”.
Putnam Bank, chartered in 1862, is a $515 million state chartered and insured stock bank, with branch offices in Putnam, Pomfret Center, Danielson, Plainfield, Griswold, Norwich, and Gales Ferry. It also operates a Loan Center in Putnam.
Bauer Financial, Inc. located in Coral Gables, Florida has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a Bauer Financial rating.