Savers Bank reported growth in loans, savings and assets for 2008, as well as continued five-star status with Bauer Financial.
The Southbridge-based bank said loans grew by 15 percent between 2007 and 2008 to $285 million. The bank’s assets grew to $366 million from $333 million in 2007.
Net income hit $1.4 million in 2008 compared to $966,567 the previous year. Savings increased by 5 percent to $265 million.
The bank retained its five-star rating with Bauer Financial Inc., a bank analysis and reporting firm based in Florida.
Paul Jalbert, the bank’s president and CEO, said adding new drive-up ATMs and enhancing the bank’s online banking program were important to its success during the year.
Savers has branches in Southbridge, Uxbridge, Auburn, Grafton, Charlton and Sturbridge.
