Champlain National Bank Earns 5 Star Rating
BauerFinancial Inc., an independent bank research firm, has awarded Champlain National Bank its highest rating of 5 stars. This rating indicates that BauerFinancial considers Champlain National Bank to be a superior institution. With this rating, BauerFinancial has placed Champlain National Bank on its Recommended Report.
In determining its ratings, BauerFinancial used financial data that was reported to federal regulators from banks and credit unions across the country. Information used included the capital level of the institution, regulatory compliance, reserves, profitability, historical trends, loan delinquencies, repossessed assets, proposed regulations and asset quality.
“The Board of Directors and I are proud to receive this superior rating,” President and CEO Joseph Shaw said, “The entire staff at Champlain National Bank works hard to ensure the bank stays financially sound and to offer our community not only a local choice, but one that comes highly recommended.”
BauerFinancial has been reporting on and analyzing the performance of US banks and credit unions since 1983, and no institution can pay to be rated, or choose to be excluded.
Champlain National Bank, a banking institution headquartered in Willsboro, New York, was founded in 1909 and has nine branches throughout Clinton and Essex Counties.