NewburyportNews.com, Newburyport, MA

Business

September 24, 2013

Business Brief

Provident earns 5-star rating from BauerFinancial

The Provident Bank has once again earned the highest 5-star rating for positive performance from BauerFinancial, Inc., the nation’s bank rating firm. The quarterly ratings were announced on Sept. 6, and are based on June 31 financial data.

BauerFinancial provides third party, unbiased, independent bank and credit union star-ratings to help consumers select financial institutions with confidence. Using quarterly financial reports filed with federal regulators, it thoroughly analyzes and compares all U.S. bank and credit union current and historical performance data. Upon completion of the analysis, a star-rating is assigned based on a scale of zero to five stars, with five stars being the strongest.

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