BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly affirms that Citizens Bank in Carthage, Tennessee, has once again earned its highest (5-star) rating for financial strength and stability.
Earning a 5-star rating indicates that this bank excels in areas of capital adequacy, profitability, asset quality, and much more. Earning and maintaining this top rating for 119 consecutive quarters means Citizens Bank has done so for more than 25 straight years. That’s quite an achievement!
In fact, reaching this milestone gives Citizens Bank an even higher designation as a “Best of Bauer Bank.” The “Best of Bauer” designation is reserved specifically for banks that have earned Bauer’s highest rating for 100 consecutive quarters or longer.
“This achievement requires tremendous resilience and fortitude,” observes Karen Dorway, president of BaureFinancial. “We saw a lot of banks that were lacking those qualities that are, unfortunately, no longer around. But community banks like Citizens Bank have some definite advantages. Its smaller size allows its team to know each customer more intimately, which not only makes every customer a priority, it also improves loan underwriting.”
Citizens Bank has been making its neighbors its number one priority since 1929. Today, after 89 years, it is creating a better banking experience for customers through eight conveniently located offices in Carthage, Cookeville, Gordonsville, and Sparta and online at www.citzcar.com.
BauerFinancial, Inc. in Coral Gables, Florida, is the nation’s leading independent bank and credit union rating and research firm. It 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 BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.
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