July 11, 2012
The First National Bank Receives 5-Stars…Again
Daniel J. Schaffer, President of The First National Bank and Trust Company of Newtown, proudly accepted the distinguished 5-Star Superior rating from BauerFinancial, Inc. Coral Gables, FL.
A 5-Star rating for financial strength and stability is the highest rating attainable from BauerFinancial and is based on the overall financial condition of the bank. Earning a 5-Star rating denotes that The First is one of the strongest banks in the nation.
“The First has a track record of stability, capitalization, and safety that has been recognized year after year,” said Schaffer. “We are proud that our management philosophy continues to pay dividends for our customers and their peace of mind.”
"There’s an old adage that says no press is bad press, but if you’ve seen the banking news over the past year or two, you know this isn’t always true,” noted Karen L. Dorway, President of BauerFinancial. “That’s why it’s so important today to share some good banking news, and The First makes it easy. The First National Bank & Trust Company of Newtown is a model community bank."
BauerFinancial, Inc., Coral Gables, FL., the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can it be eluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.
Founded in 1864, The First National Bank is Bucks County’s oldest, most established bank, with twelve branches throughout Bucks County. The First is committed to local ownership, operation and investment.