CLEVELAND, Sept. 10, 2010 (GLOBE NEWSWIRE) -- Third Federal Savings & Loan (Nasdaq:TFSL) has been given a 5-star (superior) rating by BauerFinancial, an honor the bank has received 21 years in a row.
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. The latest data is based on Third Federal's financial filings from June 30, 2010.
"We are proud to be recognized again for being strong, stable and safe by such a well-respected, independent voice," said Marc A. Stefanski, chairman and CEO of Third Federal. "In spite of the continued challenges in the economy, we remain focused on providing value to our customers, and our communities and our shareholders."
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, 2010, Third Federal assets totaled $10.8 billion.
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