CLEVELAND--(BUSINESS WIRE)--Third Federal Savings & Loan (Nasdaq: TFSL) has been given another 5-star (superior) rating by Bauer Financial, an honor the bank has received since Bauer began rating institutions in 1988.
Bauer Financial, 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 March 31, 2016.
“Our Bauer Financial rating is a source of pride for our associates and a nod to the way we conduct our business both in our footprint and in our expansion states,” said Marc A. Stefanski, chairman and CEO of Third Federal. “We are proud to be recognized again for being strong, stable and safe by such a well-respected, independent voice.”
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 March 31, 2016, Third Federal assets totaled $12.5 billion. To learn more about Third Federal, visit thirdfederal.com.