1st State Bank in Saginaw has been recognized as one of the banks nationwide honored with a 5-Star Superior rating from Bauer Financial, Inc.
Bauer is a Florida-based independent financial analysis firm that rates banks on factors like capital levels, loan portfolios and levels of delinquent loans, to draw a picture of their overall financial health.
The five-star rating means 1st State Bank has good performance on all those factors.
"Under the leadership of Mr. Rick Goedert, president and CEO, 1st State Bank is one of the U.S. banks that evokes an image of a brighter banking future for our communities. That’s good news regardless of your age and income bracket," says Karen Dorway, president of Bauer Financial.
1st State Bank was founded in 2004 and has offices in Bay City and Saginaw.
Writer: Sam Eggleston
Source: Karen Dorway, 1st State Bank
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