Magnolia Bank has been recognized as one of the strongest banks in the nation, based on June 30, 2014, financial data.
The bank has earned BauerFinancial’s highest 5-Star rating for strength and stability.
To earn Bauer’s 5-Star Superior rating, a bank must excel in areas of capital adequacy, delinquent loan levels and profitability.
Community banks, like Magnolia Bank, that have been able to earn and maintain Bauer’s recommended rating for strength and security reflect that deep-rooted sense of loyalty to the local community,” said Karen L. Dorway, president of the research firm.
Magnolia Bank was established in 1919 and operates through four offices in Elizabethtown, Hodgenville and Magnolia.