WEST BROOKLYN - Gehant Bank in West Brooklyn has again earned BauerFinancial’s highest rating, 5-Star Superior, for financial strength and stability. The five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more.
Earning and maintaining Bauer’s highest rating for 57 consecutive quarters puts Gehant Bank in an even higher bracket as an “Exceptional Performance Bank.” This title is achieved after successfully earning the top 5-Star rating for 10 years or longer.
“This achievement requires tremendous resilience and fortitude,” said Karen L. Dorway, president of BauerFinancial. “We saw a lot of banks that were lacking those qualities that are, unfortunately, no longer around. But community banks like Gehant Bank have some definite advantages. Its smaller size allows its team to know each customer more intimately, which not only makes every customer a priority, it also improves loan underwriting.”
Gehant Bank has been making its neighbors its number 1 priority since 1897. Today, after 121 years, it is creating a better banking experience for customers through two conveniently located branch offices in Triumph and West Brooklyn and online at www.gehantbank.com. Gehant Bank is a member of the FDIC and an Equal Housing Lender.
No institution can pay for or opt out of a BauerFinancial rating. Consumers may view star ratings at no cost by visiting www.bauerfinancial.com.