If you’re looking for a new bank, what characteristics are you using to make your choice? You would certainly want to look at the products and services the bank has available that appeal to you, what fees they charge and if they have incorporated technology into their banking (think online and mobile banking). But you would also want to know how stable that bank is, right? You wouldn’t stack your best china plates on top of a table with wobbly legs, so why would you put your money in a bank that isn’t stable?
In order to help consumers know which banks are in the best financial condition, BauerFinancial, an independent organization, regularly analyzes the banks’ financial conditions and gives them a star-rating (0 to 5, with 5 being the best). It is our privilege to say that Security State Bank has been given a 5-star rating from BauerFinancial. But what exactly does this mean?
Four times a year, we and every other bank and financial institution are required to file a detailed financial report with the government. BauerFinancial takes this raw data and thoroughly examines it and compares it to past data for consistency. They then issue a rating based on what they have found.
But this is only one organization’s opinion, you may say. BauerFinancial isn’t just any organization, but “the nation’s bank rating service” that has been used by countless federal, state and local regulators since 1983. They are second to none when it comes to rating banks.
To receive a 5-star rating from this organization is a tremendous honor for Security State Bank. It reflects the professionalism we work toward every day in order to better understand and serve our customers.
So, if you or a friend are looking for an established and secure place to do your banking, look no further than Security State Bank! Come by one of our locations today in Independence, Dysart or Urbana!