NEW ORLEANS – BauerFinancial Inc., in Coral Gables, FL, announced that Fidelity Bank in New Orleans has earned its coveted 5-Star Superior rating for the 38th consecutive quarter.
“A 5-Star rating indicates that Fidelity Bank is one of the strongest banks in the nation, excelling in such areas as capital, loan quality, profitability and much more,” Karen L. Dorway, president of BauerFinancial, the nation’s bank rating firm, said. “Earning Bauer’s 5-Star designation proves that Fidelity Bank is getting it right.”
BauerFinancial, Inc., the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating.
”BauerFinancial has been touting the benefits and mainstays of community banks since its inception in 1983,” Dorway said. “I am thrilled to be able to say that the January 2016 issue of Consumer Reports agrees. According to its own surveys, Consumer Reports concluded that smaller banks are best for personal service as they ‘tend to focus more on relationships’; over three-quarters of respondents indicated they were’ highly satisfied’ in the CR survey.”
“We are very pleased that Bauer Financial has recognized Fidelity’s Bank performance,” Alton McRee, President and Chief Executive Officer of Fidelity, said. “This rating further solidifies the hard work by our executive team, board of directors and employees.”
Fidelity Bank was established in 1908, and is a member of the FDIC and an Equal Housing Lender.
