Press Release

Richwood Bank Earns 5-Star Rating

By January 23, 2018 No Comments

BauerFinancial, Coral Gables, Florida, the Nation’s Premier Bank Rating Firm, is proud to announce that Richwood Bank, Richwood, Ohio has once again secured a 5-Star rating. What a great way to start 2018! A five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more. Richwood Bank has earned Bauer’s Recommendation (5-Stars or 4-Stars) for 114 consecutive quarters.

“Because community banks put their focus on local people and small businesses, they are perfectly positioned to provide the specialized support that is unique to their area,” acknowledges Karen L. Dorway, president of BauerFinancial. “Community banks, like Richwood Bank, promote local growth by investing back into the same neighborhoods that their deposits come from. By fostering these local relationships, they achieve two goals: they are highly capitalized and they are accountable to their customers.”

Established in 1867, Richwood Bank has been reinvesting in its local communities for 150 years. It currently operates through six conveniently located offices in Delaware, Huntsville, LaRue, Marysville, Plain City and Richwood and can also be found online at richwoodbank.com.

Member of the FDIC and an Equal Housing Lender.

BauerFinancial, Inc., 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 can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.

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