March 29, 2011
HCB Earns Highest 5-Star Superior Safety Rating!
The Lifeblood of the Community
March 2011: Hastings City Bank, Hastings, Michigan is proud to be recognized as a 5-Star Superior Bank by BAUERFINANCIAL, Inc., Coral Gables, Florida, the nation’s bank rating firm. Earning this highest 5-Star rating for strength and stability, Mr. Mark A. Kolanowski, CEO, and the entire team at Hastings City Bank have proven their commitment to their customers. To earn Bauer’s 5-Star Superior rating, Hastings City Bank must excel in areas of capital adequacy, delinquent loan levels and profitability to name just a few. In fact, it has done so for 6 consecutive quarters.
Hastings City Bank was established in 1886 and has been serving the banking needs of its neighbors and friends for 125 years. It currently operates through conveniently located offices in Bellevue, Caledonia, Hastings, Middleville, Nashville and Wayland and can be found on the internet at http://www.hastingscitybank.com.
According to Karen L. Dorway, president of the research firm, “community banks, like Hastings City Bank, tend to know their customers, the local business community, when to grant a loan… and when not to grant one. What many people don’t realize is that community banks actually have better balance sheets than their larger counterparts. Their capital ratios and nonperforming asset ratios are typically much more impressive than larger institutions. These are not the banks that threaten our economic well-being. On the contrary, they are the lifeblood of it.”
Hastings City Bank: We’re committed to providing and maintaining the personal, hometown service that has been our hallmark since 1886.”
BAUERFINANCIAL, 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 star-ratings by visiting www.bauerfinancial.com.
BAUERFINANCIAL, INC. P.O. Box 143520, Coral Gables, FL 33114