Bank of Oak Ridge was recognized by BauerFinancial as a five-star Superior bank.
BauerFinancial based in Coral Gables, Fla. is a national bank rating and research firm and has been analyzing and rating the nation's financial institutions since 1983.
Bank of Oak Ridge has earned the highest five-star rating for 98 consecutive quarters. The rating is based on March 31, 2013 financial data and indicates that Bank of Oak Ridge is one of the strongest banks in the nation. Having earned and sustained its five-star rating for this length of time merits them an even more elite distinction of being a "Sustained Superiority Bank." Only three percent of the nation's banks have earned Bauer's top rating for so long and with such consistency.
"There has been much discussion lately about the need for bank to boost their capital level," Karen L. Dorway, president of the rating firm, said. "That doesn't worry Bank of Oak Ridge: its capital ratios are already well above regulatory requirements. Under the direction of Mr. E. H. Allen, CEO, Bank of Oak Ridge excels in areas of asset quality, profitability and much more."
Bank of Oak Ridge is a member of the FDIC and an Equal Housing Lender and its branch office is located on North Oak Street in Oak Ridge
No institution pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com.