CLEVELAND, March 7, 2013 (GLOBE NEWSWIRE) -- Third Federal Savings & Loan (Nasdaq:TFSL) has been given a 5-star (superior) rating by BauerFinancial, an honor the bank has received since Bauer began rating institutions in 1988.
BauerFinancial, an independent rating agency, collects quarterly data on banks and financial institutions and ranks them based on specific criteria centered on 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 December 31, 2012.
"On behalf of our 1000 associates, we are proud to be recognized again for being strong, stable and safe by such a well-respected, independent voice," said Marc A. Stefanski, chairman and CEO of Third Federal. "We remain focused on providing value to our customers, our communities and our shareholders and appreciate their confidence in us."
Third Federal Savings and Loan is a leading provider of savings and mortgage products. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal became a public company in 2007. The Association is dedicated to serving consumers with competitive rates and outstanding service. Third Federal, an equal housing lender, has 22 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 17 full service branches throughout Florida. As of September 30, 2012, Third Federal assets totaled $11.4 billion.
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CONTACT: Jennifer Rosa Public Relations Manager (216) 429-5037
Source: Third Federal Savings and Loan