CLEVELAND--(BUSINESS WIRE)--
Third Federal Savings & Loan (Nasdaq: TFSL) has been given another 5-star (superior) rating by BauerFinancial, an honor the bank has received each quarter since Bauer began rating institutions in 1988.
BauerFinancial, an independent rating agency, collects quarterly data on banks and financial institutions and ranks them based on specific criteria centered on safety and soundness. No institution can pay to be on the list, nor excluded from it. The latest data is based on Third Federal’s financial filings from June 30, 2016.
“We are honored to be named once again to the Bauer Financial list of the most safe and sound financial institutions,” said Marc A. Stefanski, chairman and CEO of Third Federal. “Coming from a well-respected, independent rating agency like Bauer, the continuation of a superior rating from them means a great deal to our associates, customers and stockholders.”
Third Federal Savings and Loan is a leading provider of savings and mortgage products. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal became a public company in 2007. The Association is dedicated to serving consumers with competitive rates and outstanding service. Third Federal, an equal housing lender, has 22 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 17 full service branches throughout Florida. As of June 30, 2016, Third Federal assets totaled $12.5 billion. To learn more about Third Federal, visit thirdfederal.com.
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