Dime News
New Year, New Banking Concerns, But Not if You Bank at Dime Bank
News Release - January 2009
(BauerFinancial, Inc., Coral Gables, FL) - BAUERFINANCIAL,
Inc. proudly announces Dime Bank has earned the highest 5-Star Superior
rating for financial strength and stability. BAUERFINANCIAL has been
analyzing the nation's banks for over 25 years and has earned the reputation
as "the Nation's Bank Rating Firm", so to garner its highest
5-Star rating is a time-honored badge of distinction. Customers of Dime
Bank can be proud that their bank still shines, even under the watchful
eye of the BAUERFINANCIAL microscope. The rating is based on the overall
financial picture of the bank and at 5-Stars indicates that Dime Bank
is one of the strongest banks in the nation. This is the 76th consecutive
quarter that Dime Bank has earned this highest honor; only 5% of the
nation's banks can claim this distinction.
"This New Year in particular brings with it a whole new set of worries,
but consumer banks shouldn't be one of them", remarks Karen L. Dorway,
president of BAUERFINANCIAL. "Some banks ignored proper loan underwriting
standards in recent years and are now paying the price for that decision.
But, Dime Bank is a prime example of a bank that has stuck to traditional,
conservative banking strategies, which, in this climate, is exactly what
the 'other banks' are returning to. Dime Bank is a model of banking safety
and soundness and its customers can rest assured in the knowledge."
Established in 1869, Dime Bank has been serving the banking needs of
its neighbors and friends for 139 years. It currently operates through
ten conveniently located offices, one in Rhode Island and the rest in
Connecticut. Dime Bank can be found on the internet at
www.dime-bank.com.
Dime Bank: "Your 5-Star Community Bank."
BAUERFINANCIAL, INC, Coral Gables, Florida, the nation's leading independent
bank rating and research firm, has been reporting on and analyzing the
performance of U.S. banks and credit unions since 1983. No institution
pays for its rating, nor can it be eluded. Consumers may obtain star-ratings
by visiting www.bauerfinancial.com.
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