CLEVELAND, June 6, 2013 (GLOBE NEWSWIRE) -- Third Federal Savings & Loan (Nasdaq:TFSL) has been given a 5-star (superior) rating by BauerFinancial, an honor the bank has received 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 March 31, 2013.
"To mark a milestone of 25 years of a superior ranking by Bauer Financial during our 75th anniversary year makes this achievement very special," said Marc A. Stefanski, chairman and CEO of Third Federal. "We will continue to focus on what has gotten us to this point and what will keep making us 5-stars strong – our values and our mission of helping people achieve the dream of homeownership and financial stability. I want to thank our customers, our communities and our stockholders for their continued trust in us."
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, 2013, Third Federal assets totaled $11.1 billion.