Bank Ratings Stable In Latest Bauer Report
Banks and credit unions based in Central Massachusetts saw their generally excellent BauerFinancial Inc. ratings change very little, if at all, in the third quarter.
Using public regulatory data, Florida-based Bauer rates banks on a five-star scale with five stars being best. Among banks that lost stars between the second quarter and the third was Bay State Savings Bank in Worcester, which went from five stars to four. Others that were five-star banks in the second quarter and became four-star banks in the third include Hometown Bank in Webster, Medway Co-operative Bank and Spencer Savings Bank.
Dean Co-operative Bank in Franklin went from four stars in the second quarter to three and a half in the third.
The region's largest bank, Middlesex Savings of Natick, retained its five-star rating. Strata Bank, the troubled Medway-based institution set to be acquired by Middlesex next year, retained its two-star rating.
Credit Union ratings changed very little compared to the second quarter. The area's largest, Digital Federal Credit Union of Marlborough retained its three-star rating.
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