Farmers Bank has once again received a 5-Star financial strength rating of "Excellent" from BauerFinancial Ratings, one of the nation’s leading independent providers of ratings and analyses of financial institutions, independent banks and credit unions.
This rating recognizes Farmers Bank as an outstanding bank offering excellent financial stability for its customers and employees. Fewer than two percent of the nation’s banks meet the BauerFinancial criteria for exceptional financial strength, making this distinction truly one of which to be proud of.
A 5-Star rating means that Farmers Bank excels in areas of capital adequacy, profitability and asset quality (to name just a few of the metrics BauerFinancial analyzes). This rating differentiates Farmers Bank in the community they serve. BauerFinancial has been the leading independent bank rating firm since 1983.
The BauerFinancial Rating proprietary model uses more rigorous standards than other rating agencies, placing greater emphasis on a company’s future financial solvency and its ability to withstand economic adversity. For this reason, a company receiving this highest financial strength rating truly demonstrates itself to be among the industry’s elite.
"This is an award we are extremely proud of receiving and one we have received for many years," Stanhope Wilkinson, CEO of Farmers Bank explained. "My grandfather, W.N. Wilkinson, Farmers Bank’s first cashier in 1907, as well as my dad, Means Wilkinson, would be proud of us today for having carried on their tradition of providing our community a strong, dependable, locally owned financial institution."