Saratoga Springs, New York—Adirondack Trust Company proudly announces it has once again received the prestigious 5-Star Superior rating from BauerFinancial, the Nation’s Premier Bank Rating Firm. This coveted 5-Star Superior designation identifies Adirondack Trust Company as one of the strongest financial institutions in the nation, demonstrating excellence across critical metrics, including capital adequacy, asset quality, profitability, liquidity, and regulatory compliance.
The achievement marks the 75th consecutive quarter—spanning nearly 19 years—that Adirondack Trust Company has earned this top rating. This consistent performance has secured the bank an even more distinguished status as an “Exceptional Performance Bank,” an honor reserved exclusively for institutions that have maintained Bauer’s highest rating for 10 years (40 consecutive quarters) or longer.
“In today’s rapidly evolving financial landscape, our unwavering commitment to financial strength and customer service remains our guiding principle,” said Adirondack Trust President and CEO Charles V. Wait, Jr. “This remarkable streak of 75 consecutive quarters with BauerFinancial’s highest rating reflects not just our financial stability, but our dedication to the communities we serve. While we’re proud of this recognition, what truly matters is the trust our customers place in us every day to safeguard their financial future and help them achieve their goals.”
“A lot of things are changing,” reflected BauerFinancial President Karen L. Dorway. “Rules and regulations are being retooled, technology is advancing at lightning speed, and it’s easy to feel like you’re getting lost in the fray.”
“People don’t want to feel like that at their bank. When they walk into a branch, they want to feel confident that their deposits are safe, that all rules are being followed, and that their banker understands their specific needs. That’s why it’s so important to have 5-Star rated (Superior) banks, like Adirondack Trust, in our communities. We can be confident that they have our hard-earned deposits properly secured,” she continued.
Established in 1901, Adirondack Trust Company has maintained its commitment to community banking principles while adapting to changing financial needs. The bank combines the personal service of a local institution with sophisticated products and capabilities typically associated with much larger financial organizations. This latest recognition from BauerFinancial further solidifies Adirondack Trust Company’s position as a cornerstone financial institution in the region.
BauerFinancial, Inc., based in Coral Gables, Fla., is 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 can pay for or opt-out of a BauerFinancial rating. Star ratings are all available for free at bauerfinancial.com.
The Adirondack Trust Company is an independent, locally owned and operated, community bank offering a wide variety of business and personal financial services. The Bank has more than $1.6 billion in assets and 13 branch offices. The Bank offers banking, trust, insurance, and wealth management services, and originates real estate mortgages, both residential and commercial, and commercial business loans throughout its primary market area. The Bank is a Bauer 5-Star Rated Superior bank. The Bank’s website is AdirondackTrust.com.