Bauer Report: Rockville Bank a 5-Star Bank
Rockville Called Steadfast & Invaluable Partner to the Communities it Serves
BauerFinancial, Inc., Coral Gables, Florida, the nation’s bank rating firm, commends Rockville Bank, Glastonbury, Connecticut for proving once again that it is a steadfast and invaluable partner to the communities it serves.
The FDIC touts the benefits of community banks, saying they are “important providers of credit to small businesses and serve hundreds of counties and thousands of communities that are overlooked by larger non-community institutions.” (FDIC Quarterly 2014, Volume 8, No. 2.) Karen L. Dorway, president of BauerFinancial, added, “Community banks, like Rockville Bank, that have been able to earn and maintain Bauer’s top rating for strength and security reflect that deep-rooted sense of loyalty to the local community.”
Rockville Bank’s latest 5-Star rating is based on March 31, 2014 financial data and signifies that it is one of the strongest banks in the nation. Rockville Bank has earned and maintained this top 5-Star rating for the past 36 consecutive quarters.
On April 30, 2014, United Bank and Rockville Bank completed a transformational merger of equals by bringing together two financially strong, independent-minded institutions to create the premier community bank in New England with more than 50 branches in two states and approaching $5.0 billion in assets. Rockville Bank took on the United Bank name. The new United Bank is a state chartered bank headquartered in Glastonbury, Connecticut with regional offices in Worcester and West Springfield, Massachusetts and Enfield, Connecticut.
This 5-Star Report reflects financial data through March 31, 2014 and therefore applies to the legacy Rockville Bank.
BauerFinancial, Inc., Coral Gables, Florida, 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 pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com