Tuesday, 18 March 2014
Weiss Ratings has just notified John M. O'Donnell, President & CEO of Patriot Community Bank that once again Patriot has received a financial strength rating of "A" or "Excellent" from Weiss Ratings, the nation's leading independent provider of ratings and analyses of financial service companies, mutual funds and stocks.
This rating recognizes Patriot as a "Weiss Recommended" bank offering outstanding financial stability for it's customers, vendors and employees. Achieving this Weiss Financial Strength Rating is a true distinction.
Every quarter Weiss Ratings evaluates the financial strength of more than 19,000 institutions, including life and annuity insurers, health insurers, property and casualty insurers, banks, and credit unions.
Weiss Ratings' proprietary model uses more rigorous standards than other rating agencies, placing greater emphasis on a company's future financial solvency and its ability to withstand severe economic adversity. For this reason, a company receiving this financial strength rating demonstrates itself to be among the industry's elite.
This information is available to view on their website: WeissRatings.com
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