Brunswick Bank & Trust One of the Safest, Well-Capitalized Banks in the United States Earns Another Bauer Financial Award
NEW BRUNSWICK, N.J., Oct 01, 2008 (BUSINESS WIRE) -- Bauer Financial, a leading banking research firm, again awarded its five-star rating to Brunswick Bank & Trust, as "one of the safest, most credit-worthy banks in the United States." This award is given to banks which are profitable and well-capitalized and which service local communities. Chairman Roman Gumina acknowledged with pride Brunswick Bank & Trust's earning this award for yet another consecutive year.
Chairman Gumina attributes the Bank's success to a number of factors. Established in 1902, customer service was then and is now the most important product we offer our customers, as a small community bank competing with local and regional banks. Additionally, he cites prudent lending practices, whereby the Bank never entered into the sub-prime mortgage business, giving loans only to qualified applicants.
Also key, he stated, has been an effective branch automation program, from the teller line to the back office. A million dollar conversion has enabled Brunswick Bank & Trust to offer its customers a variety of e-products, including remote capture. Additionally, he has implemented a strong disaster recovery plan whereby we have in place back-up facilities capable of processing transactions in a timely manner and maintaining business continuity to address any number of disaster scenarios.
Through aggressive yet achievable goals, the Bank continues to build shareholder value, with stockholders receiving both a stock dividend and a cash dividend this year.
SOURCE: Brunswick Bank & Trust
Brunswick Bank & Trust Roman T. Gumina, 732-247-5800 Chairman of the Board Chief Executive Officer or Thomas Fornale, 732-247-5800 Secretary & Treasurer
Copyright Business Wire 2008
KEYWORD: United States
INDUSTRY KEYWORD: Professional Services
Other Professional Services
SUBJECT CODE: Award