Cuyahoga Falls Savings Bank Again Lands Top ``Safe Bank'' Rating.Business Editors CUYAHOGA FALLS Cuyahoga Falls, city (1990 pop. 48,950), Summit co., NE Ohio, on the Cuyahoga River; inc. 1836. On its course through the city the river drops 220 ft (67 m) through a series of falls and rapids. , Ohio--(BUSINESS WIRE)--May 16, 2003 Rod Vargo, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cuyahoga Falls Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , recently announced that for the second time in less than a year the bank has received a top safety rating from the leading bank safety rating firms. Cuyahoga Falls Savings Bank recently earned the top Blue Ribbon blue ribbon denotes highest honor. [Western Folklore: Brewer Dictionary, 127] See : Prize Bank award from Veribanc, Inc., an independent bank research firm which assesses the financial health of over 20,000 federally-insured banks nationwide. (See Veribanc's website at www.veribanc.com) The bank ranks high in areas used to quantify and define the financial strength of lending institutions including regulatory capital ratios, earnings, loan portfolio, balance sheet and liquidity. Said Veribanc, "For the safety conscious customer, Veribanc's Blue Ribbon Award has been called the next best thing to a guarantee against failure." This recent award comes close on the heels of another coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. safety award in the banking industry from BauerFinancial. Just over a year ago, Cuyahoga Falls Savings Bank earned the Top 5-Star Safety Rating from BauerFinancial, Inc., one of the nation's leading independent firms tracking bank safety. Said Karen Dorway, President of BauerFinancial, based in Coral Gables, Florida Often called "The Gables," Coral Gables is a city in Miami-Dade County, Florida, southwest of Miami, in the United States. The city is best known as the home of the University of Miami, and as an example of City Beautiful urban planning. , "Our ratings are used by the public, corporations and other banks. Businesses and consumers are often concerned with putting their deposits into the bank- they want to know they're dealing with a good bank." (BauerFinancial looks at, and ranks, most all 10,000 U.S. banks. Consumers may access the firm's website at www.bauerfinancial.com) Of the 5-Star Safety Rating, Dorway says, "It says it's a safe bank." Mr. Vargo said, "These awards are a testament to the excellent work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work , talent and integrity of each and every one of our employees, and to the exceptional quality of our customers. I appreciate the effort each and every member of our staff puts forth each day to exceed our customers' expectation of quality service, and that they go the extra mile to let each and every customer know just how important they are to us." (Editors: For more information, contact Rod Vargo at 330-929-6000) |
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