Cuyahoga Falls Savings Bank Renamed ``Falls Bank''.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)--June 10, 2003 Gene Stalnaker, Chairman Of The Board for 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 the bank has been renamed, "Falls Bank." 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. , Rod Vargo, explained the name change, "We were all very satisfied with our original name, but Falls Bank is shorter, easier to manage graphically, and most important ... easier to remember. Our customers have indicated they are comfortable with the name change, so we decided to move forward at this time." Vargo said he is pleased that the bank's new name retains the connection to the Falls area. Falls Bank just recently announced that for the second time in less than a year the bank has received a top safety rating from the leading independent bank rating firms. Just weeks ago, Falls Bank 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. 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 for Falls Bank. A year ago, Falls Bank received the Top 5-Star Safety Rating from BauerFinancial, Inc. 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. ,) of the 5-Star Safety Rating, "It says it's a safe bank." (BauerFinancial looks at, and ranks, most all 10,000 U.S. banks.) Consumers may access the firm's website at www.bauerfinancial.com) (Editors: For more information, contact Rod Vargo at 330-929-6000) |
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