FAIR LAWN — Columbia Bank has been awarded a 5-Star (“Superior”) Rating from Bauer Financial, Inc., an independent bank rating company. Bauer’s 5-Star Rating, their highest performance ranking, represents an independent, unbiased analysis of a financial institution’s safety and soundness position. Bauer has been analyzing and reporting the financial condition of the nation’s banking industry since 1983.
In making the announcement, Raymond G. Hallock, Columbia’s President and CEO,” noted that “Columbia Bank is proud to be recognized as one of the strongest community banks in New Jersey.”
The Bauer rating is based on a complex analysis of financial criteria including capitalization, asset quality, profitability, liquidity and risk. The 5-Star Rating indicates that Columbia is both financially sound and has the resources to deal with a variety of adverse economic conditions.
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