The First National Bank was recently awarded a 5-star rating from Bauer Financial, Inc. for the second quarter of the year. This is the 100th consecutive quarter that FNB has achieved that status. Fewer than 5 percent of the nation’s banks have earned the top rating for that length of time.
“We are extremely proud of the 5-star rating from Bauer Financial,” said Ernie Chappel, First National Bank Vice Chairman. “Being recognized in the top 5% of all banks for the past 25 consecutive years is even more special. It is great to know that the hard work of our staff continues to be noticed.”
The First National Bank is celebrating its 150th anniversary this year. Founded in Vandalia in 1865, FNB also has branches in Patoka, Ramsey, Mulberry Grove and Greenville.
Based in Coral Gables, Florida, Bauer Financial Inc. has been analyzing and reporting on the financial condition of the nation’s banking industry since 1983. Each bank and credit union is required to file a detailed financial report with federal regulators four times a year. Bauer Financial obtains this data in its raw form from the government. Upon completion of a thorough analysis, a star-rating is assigned based on a scale of zero to five stars with five stars being the strongest. No institution pays for its rating, nor can they avoid a rating.