Adirondack Bank earned a four-star rating and was placed on BauerFinancial, Inc.’s Recommended Bank Report for the 16th consecutive quarter.
A Four-Star Excellent rating indicates that the Bank is a financial institution which is safe, financially sound, and is operating well above its regulatory capital requirements.
BauerFinancial, Inc. is an independent research firm which rates financial institutions utilizing a complex formula of criteria factoring in current and historical data.
“On behalf of the Chairman, the Board of Directors and Senior Management, we are very pleased to announce that we have achieved the Four-Star Excellent rating for the sixteenth consecutive quarter,” said Gary W. Kavney, Adirondack Bank’s President and Chief Executive Officer.
“We would like to thank our team of over 150 dedicated professionals who have made this possible,” he said.
Adirondack Bank is a full-service community bank, with 17 locations throughout upstate New York and executive headquarters at 185 Genesee Street in Utica.
