02/22/2022: 5 Star Rated Bank for 50 Consecutive Quarters
Peru, IL – December 2021: BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, congratulates Peru Federal Savings Bank, Peru, Illinois on its 50th consecutive 5-Star Rating. To earn this top rating, the bank must excel under a rigorous, independent analysis of its financial condition. And Peru Federal Savings Bank has done so continuously since October 2009. Only banks, like Peru Federal Savings Bank, that have earned this top rating for at least 40 consecutive quarters (10 years) can call themselves an “Exceptional Performance Bank”.
How do they continue to perform so well during these difficult times? We asked Karen Dorway, president of BauerFinancial, for her insight. “Peru Federal Savings Bank, and other community banks like it, are uniquely positioned to help local people and businesses when times are unpredictable,” she reflected. “As an integral part of the community, community bankers have the intimate knowledge of exactly how given circumstances may affect neighbors and friends. That knowledge, combined with the ability to think, act and react locally, means that decisions can be made faster and implemented in the best manner possible for the community.”