Ocala, FL. – Proving its strength, financial performance and soundness, Community Bank & Trust of Florida has been awarded the highest possible rating – Five Stars “Superior” – from the nation’s leading independent bank-rating firm BauerFinancial, Inc.
“It is an honor to be recognized by Bauer Financial as one of its strongest banks in the country,” said Hugh Dailey, president of Community Bank & Trust of Florida. “Our communities are recovering from a tough economic period and we are optimistic about the improvement in our local economy. In addition, we are extremely proud of our employees for their contribution that earned this recognition.”
Using a complex and rigorous scoring regimen, BauerFinancial presented its top rating to Community Bank & Trust of Florida as a testament to its stability and strong management. To earn the Five Star “Superior” rating, Community Bank & Trust of Florida needed to report not only impressive capital levels, but also a strong loan portfolio with negligible levels of delinquent loans, as well as other positive financial criteria.
About Community Bank & Trust of Florida: Community Bank & Trust of Florida was established in 1998. The bank is a member of the FDIC and currently has 11 banking offices with locations in Belleview, Gainesville, Ocala, Summerfield and The Villages. Its primary businesses are comprised of deposit, credit, trust, residential and commercial loans and investment services. The company has over $610 million in assets and employs 130 people.
About BAUERFINANCIAL: BAUERFINANCIAL, 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.