Coral Gables, Florida, BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly affirms that Silex Banking Company, Silex, has once again earned its highest (5-Star) rating for financial strength and stability.
Earning a 5-Star rating indicates this bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 124 consecutive quarters, means Silex Banking Company has done so continuously since June 1989. This achievement has secured an even higher status for Silex Banking Company as a “Best of Bauer Bank”.
The “Best of Bauer” designation is reserved specifically for banks that have earned Bauer’s highest rating continuously for 25 years or longer.
“While other banks are trying to win back the confidence and trust of their customers, community banks, like Silex Banking Company, never lost it,” notes Karen Dorway, president of BauerFinancial. “In fact,” she continued, “a recent Federal Reserve survey found that while fewer than half of Big Bank customers were satisfied with their overall banking experience, the vast majority of community bank customers are satisfied. And, local businesses dealing with community banks not only reported the most satisfaction, but also the most success. Those findings didn’t surprise us. Community banks, Silex Banking Company included, are local small businesses themselves, so they have a definite leg up on outsiders.”
Silex Banking Company has been helping its neighbors and friends since it began in 1892. Today, after 127 years, it continues to provide a superior personal experience through a conveniently located office at 20 South 2nd Street in Silex and online at silexbank.com.