Saratoga Springs, New York—The Adirondack Trust Company is pleased to report that it has once again secured a 5-Star rating from for financial strength and stability from BauerFinancial, the Nation’s premier bank rating firm. Having earned Bauer’s 5-Star rating continuously for 73 quarters, Adirondack Trust has also earned an even higher honor as an Exceptional Performance Bank. This designation is reserved solely for banks that have earned this top rating for 10 years consecutively (40 consecutive quarters) or longer. This latest rating was assigned in September 2024, based on June 30, 2024, financial data and signifies that Adirondack Trust continues to be one of the strongest banks in the nation.
Bauer applies the same strict standards to every federally insured U.S. chartered bank and reports that Adirondack Trust continues to earn its top rating.
“Bauer rates banks based on their overall financial condition, and has been doing so for over 40 years.” remarked BauerFinancial President Karen Dorway. “Bauer’s approach of taking current financial data along with historical trends has enabled Bauer to anticipate certain events before they unfold. From speculative lending to interest rate pressures and even changes in accounting rules, Bauer has been through it all, and its reputation is second to none. So, when Bauer says that Adirondack Trust has earned its 5-Star rating, you can have confidence that it is one of the strongest banks in the nation.
“Not only that,” she continued, “As a community bank, Adirondack Trust’s top priority is you, its customer. It is very satisfying to see banks that care so much about their communities also being top financial performers.”
“I am thrilled and honored to see our dedication and hard work recognized with this Exceptional Performance award,” said Adirondack Trust President and CEO Charles V. Wait, Jr. “It reaffirms our commitment to our customers and the community, and we are delighted to share this success with everyone who has contributed to our achievements.”
Adirondack Trust has been helping customers achieve their personal and business financial goals for 123 years. Its employees appreciate all opportunities and challenges: They know that when their customers succeed, so do they.
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.