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June 2010
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5-Star Jewett City Savings Bank Soars Above the Competition

June 2010:  It is with great pride that BAUERFINANCIAL, Inc., Coral Gables, Florida, announces that Jewett City Savings Bank, Jewett City, Connecticut has earned its highest 5-Star Superior rating for strength and stability. The past few years have been extremely difficult for the banking industry and the fact that Jewett City Savings Bank continues to excel in such areas as capital adequacy, delinquent loan levels and profitability, clearly indicates it is one of the strongest banks in the country. Having earned this top rating for 72 consecutive quarters puts Jewett City Savings Bank into the category of “Exceptional Performance Bank”, a designation reserved for those institutions that have maintained 5-Stars for at least 10 years.

“With a full ten percent of the nation’s banks now on the FDIC’s “problem” list and even more on ours,” notes Karen L. Dorway, president of BAUERFINANCIAL, “the fact that Jewett City Savings Bank continues to not just withstand the pressures, but even excel in this environment, indicates its management is doing things right. Bauer’s stringent 5-Star requirements haven’t changed, but the climate definitely has and the fact that Jewett City Savings Bank has earned this prestigious rating sets it well above the competition.”

Jewett City Savings Bank was established in 1873 and has been serving the banking needs of its neighbors and friends for 137 years. It currently operates through conveniently located offices in Brooklyn, Central Village, Dayville, Jewett City and Preston.

Jewett City Savings Bank: “Your 5-Star Community Bank.”

BAUERFINANCIAL, INC., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.