Columbia Bank Receives Bauer’s 5-Star “Superior” Rating
August 28th, 2019
Thomas J. Kemly, President and CEO of Columbia Bank, is pleased to announce that the bank has been awarded a 5-Star (“Superior”) Rating from Bauer Financial, Inc., an independent bank rating company. Bauer’s 5-Star Rating, their highest performance ranking, represents an independent, unbiased analysis of a financial institution’s safety and soundness position.
In making the announcement, Mr. Kemly, noted that “Columbia Bank is proud to be recognized as one of the strongest banks in New Jersey.”
The Bauer rating is based on a complex analysis of financial criteria including capitalization, asset quality, profitability, liquidity and risk. The 5-Star Rating indicates that Columbia is both financially sound and has the resources to deal with a variety of adverse economic conditions.
Columbia’s current rating is based on the bank’s financial data as reported on June 30, 2019.