Bauer Financial of Coral Gables, Fla., a bank rating firm has announced that Richland State Bank of Rayville has once again secured a 5-Star rating.
According to Bauer, a five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more.
Earning and maintaining this top 5-Star rating for 74 consecutive quarters puts Richland State Bank in an even more prominent position as a “Sustained Superiority Bank,” a press release from Bauer and Richland State Bank said.
“This designation is reserved for the Top ten percent,” said the release. “These banks have maintained Bauer’s highest rating longer than 90 percent of the industry, proving once again that Richland State Bank is among the best in the industry.”
“Because community banks put their focus on local people and small businesses, they are perfectly positioned to provide the specialized support that is unique to their area,” said Karen L. Dorway, president of Bauer Financial.
“Community banks, like Richland State Bank, promote local growth by investing back into the same neighborhoods that their deposits come from. By fostering these local relationships, they achieve two goals: they are highly capitalized and they are accountable to their customers.”
Established in 1902, Richland State Bank has been reinvesting in its local communities for 115 years. It currently operates through eight offices in Rayville, Mangham, Minden, Monroe, West Monroe Oak Grove and Bastrop and can also be found online at www.richlandbank.net.