Mountain Valley Bank maintains five-star rating
ELKINS — The bank rating firm BauerFinancial, of Coral Gables, Florida, has announced that Mountain Valley Bank N.A., of Elkins, has once again secured a five-star rating.
A five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and more.
Earning and maintaining this top five-star rating for 111 consecutive quarters puts Mountain Valley Bank in a prominent position as a “Best of Bauer Bank,” a designation reserved for banks that have maintained Bauer’s highest rating consistently for the last 25 years or longer. Bauer officials said they are gratified to be able to recognize Mountain Valley Bank as one of the strongest banks in the nation.
“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 the area,” said Karen L. Dorway, president of BauerFinancial, in a news release.
“Community banks, like Mountain Valley Bank, N.A., promote local growth by investing back into the same neighborhoods that their deposits come from,” Dorway said. “By fostering these local relationships, they achieve two goals: they are highly capitalized and they are accountable to their customers.”
Established in 1909, Mountain Valley Bank has been reinvesting in its local communities for 109 years. It currently operates through four conveniently located offices in Elkins, Mill Creek and Parsons and can also be found online at mountainvalleybank.com.