BauerFinancial Inc. of Coral Gables, Fla., the nation's leading bank rating and research firm, has announced that Mountain Valley Bank of Elkins has not only endured the latest financial crunch, but has emerged as a pre-eminent example of community banking.
With this, BauerFinancial has bestowed its highest 5-Star Superior rating on the Elkins bank. This rating denotes the highest level of strength and performance that a bank can receive. Mountain Valley Bank has earned this rating for the last 85 consecutive quarters, putting it in an even more elite group of Sustained Superiority Banks. Only 6 percent of the nation's banks can claim this distinction.
"There are so many factors that go into our ratings that to list them all here would be impossible," said Karen L. Dorway, president of the research firm. "Suffice it to say that with its impressive capital levels, an enviable loan portfolio and low delinquent loan levels, Mountain Valley Bank demonstrates the epitome of community banking."
Established in 1909, Mountain Valley Bank has been handling the banking needs of its neighbors and friends for 102 years.
It currently operates through four conveniently located offices in Elkins, Mill Creek and Parsons and can also be found on the Internet at www.mountainvalleybank.com.
BauerFinancial has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.