CLEVELAND, Sept. 10, 2014 (GLOBE NEWSWIRE) -- Third Federal Savings & Loan (Nasdaq:TFSL) is again being honored as "superior" by independent rating agency, BauerFinancial. Bauer began a quarterly rating of financial institutions in 1988, and Third Federal has been named a five-star institution each quarter.
BauerFinancial reports data on banks and financial institutions, ranking them quarterly on specific criteria for safety and soundness. No institution can pay to be on the list, nor excluded from it. The latest data is based on Third Federal's financial filings from June 30, 2014.
"This is more sunshine and blue skies news for us," said Marc A. Stefanski, chairman and CEO of Third Federal. "Bauer Financial's independent rating of our strength and stability is an honor for us, and important to our customers."
Third Federal Savings and Loan is a leading provider of savings and mortgage products, and operates under the values of love, trust, respect, a commitment to excellence and fun. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, our mission is to help people achieve the dream of home ownership and financial security. We became part of a public company in 2007 and celebrated our 75th anniversary in 2013. Third Federal, which lends in 21 states and the District of Columbia, is dedicated to serving consumers with competitive rates and outstanding service. Third Federal has 21 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 17 full service branches throughout Florida. As of June 30, 2014, the assets of Third Federal Savings and Loan totaled $11.7 billion. For more information about Third Federal, visit us at thirdfederal.com.
CONTACT: Jennifer L. Rosa Public Relations (216) 429-5037
Source: Third Federal Savings and Loan