ESSEX — Essex Savings Bank has earned the prestigious Sustained Superiority Award from BauerFinancial, Inc. of Coral Gables, Florida, the nation’s leading independent bank rating and research firm, for continuing at their highest 5-Star rating for strength and stability. Bauer Financial has been reporting on and analyzing the performance of U.S. banks since 1983. No institution can pay BauerFinancial to rate it, nor can an institution choose to be excluded. Essex Savings Bank has proven its commitment to superiority by earning this top rating for at least the latest 57 consecutive quarters. Fewer than 10% of the nation’s banks can claim this distinction. In order to do so, the Bank has excelled in areas of capital adequacy, delinquent loan levels and profitability to name just a few. Consistently earning BauerFinancial’s highest rating assures customers and the community that Essex Savings Bank is a strong financial institution that will be able to fulfill their banking needs for years to come and is the gold standard of choices in a complex financial industry. Gregory R. Shook, President and CEO, noted, “ We are proud to receive this award and hope that individuals, families and businesses will appreciate the opportunity to build long term relationships with us.”
Essex Savings Bank is a FDIC insured, state chartered, mutual savings bank established in 1851. The Bank serves the Connecticut River Valley and shoreline with six offices in Essex (2), Chester, Madison, Old Lyme and Old Saybrook. Financial, estate, insurance and retirement planning are offered throughout the state by the Bank’s Trust Department and wholly-owned subsidiary, Essex Financial Services, Inc., Member FINRA, SIPC. Investments in stocks, bonds, mutual funds and annuities are not FDIC insured, may lose value and are not a deposit, have no Bank guarantee and are not insured by any Federal Government Agency.