We’re honored to receive yet another 5-star rating from BauerFinancial for the 50th consecutive quarter! Here is BauerFinancial’s release about the award.
Mesa, AZ – December 2022: BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, has once again awarded Gateway Bank, Mesa, Arizona its top (5-Star) rating. “It’s important to impress, this award is not granted; it is earned”, emphasizes Karen Dorway, president of BauerFinancial. “And, having earned 5-Stars for 40 (or more) consecutive quarters, Gateway Bank has earned an even higher designation as an ‘Exceptional Performance Bank’”.
Bauer rates every federally-insured U.S. chartered bank with the same strict standards, and we are pleased to report that Gateway Bank continues to excel in areas of capital adequacy, profitability, loan quality and more. This marks the 50th consecutive quarter it has done so – since September 2010! Now that’s worth celebrating. Gateway Bank has certainly proven it has what it takes to carry it through 2023, whatever it may bring.
“With the Federal Reserve raising interest rates at breakneck speed, it may be tough for some banks to keep pace”, cautions Dorway. “But, with high capital cushions and an established track record, Gateway Bank is well-positioned to continue to thrive and be a source of strength for its community.”
Gateway Bank was established in 2007 and has been a rock-solid banking partner for the community ever since. That’s 16 years of relationship-building and community-strengthening. Neighbors and friends should be proud to call Gateway Bank their bank.
BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.