Commonwealth National Bank Earns ''4 Star'' Rating.WORCESTER, Mass. -- Bauer Financial Inc. has awarded Commonwealth National Bank (Commonwealth) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCWEA) a 4-star rating for financial excellence. The Coral Gables Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. , Fla.-based Bauer Financial, a nationally recognized and independent financial service rating firm, awarded the rating based on its independent analysis of reports that Commonwealth National had filed with federal regulators. Bauer Financial evaluates banks and credit unions on the basis of their financial strength and condition. It rates institutions on a scale of 0 to 5 with five-stars representing the highest ranking. "We are very pleased to receive this honor," said Commonwealth National Bank President Charles Valade. "This rating demonstrates that in four short years, Commonwealth National has achieved a strong financial standing as recognized by Bauer Financial." Commonwealth National Bank was the first new bank to open in the Worcester area in more than 15 years. The "de novo [Latin, Anew.] A second time; afresh. A trial or a hearing that is ordered by an appellate court that has reviewed the record of a hearing in a lower court and sent the matter back to the original court for a new trial, as if it had not been previously heard nor decided. " bank first opened its doors in November 2001, and became profitable in late 2003. Since then, the bank has reported an unbroken record of continuous quarterly profits. The bank reported assets of $229 Million for the period ending June 30, 2005. Total deposits at that time equaled $181 million, an increase of 29% in the past year. About Commonwealth National Bank Commonwealth offers customers a traditional banking experience with high levels of personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. service, including extended business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a and Internet banking options. Commonwealth has branches in Worcester at 33 Waldo Street and 1 West Boylston Street Boylston Street is the name of a major east-west thoroughfare in the city of Boston, Massachusetts and its western suburbs. It begins at its eastern end in central Boston as the continuation of Essex Street at the intersection of Tremont, and forms the southern boundary of Boston . It operates branches at 564 Main Street, Shrewsbury, and at 701 Church Street in Whitinsville, Mass. For more information about Commonwealth National Bank, please visit: www.commonwealthworcester.com |
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