Sourced from Dubois County Free Press
Bauer Financial, a prominent independent bank rating and research firm, has rated Old National Bank a 5-Star (“superior”) institution on a scale of 0 to 5. The 5-star rating places Old National on Bauer’s prestigious list of “Recommended Banks, Savings Banks & Thrifts.”
This marks the first time Old National has earned Bauer’s highest rating since 1997. For 107 consecutive quarters, the company has earned either a 4-Star (“excellent”) or 5-Star rating.
“Old National is very pleased to have been recognized by Bauer Financial as a 5-star institution,” said Chairman and CEO Bob Jones. “Our superior rating, coupled with the fact that we have been on Bauer’s recommended list for 107 consecutive quarters, speaks to our consistency as a strong, stable community bank that is focused on exceeding client expectations.”
Bauer Financial’s star ratings are based on a formula that considers current and historical data. The first level of evaluation is an institution’s capital level, followed by other relevant data that includes profitability, historical trends, loan delinquencies, repossessed assets, reserves, regulatory compliance, proposed regulations and asset quality.