CLEVELAND, Dec. 9, 2010 (GLOBE NEWSWIRE) -- Third Federal Savings & Loan (Nasdaq:TFSL) received another 5-star (superior) rating by BauerFinancial, an honor the bank has achieved for more than 22 years. Only 10 percent of financial institutions in the country match the longevity of Third Federal's 5-star (superior) rating.
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 put on the list, nor can it elude its inclusion. The latest data is based on Third Federal's financial filings from September 30, 2010.
"We are honored to maintain such recognition from a well-respected, independent source," said Marc A. Stefanski, chairman and CEO of Third Federal. "This superior rating is a continued testament to Third Federal's strength and stability during these turbulent economic times."
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, 2010, Third Federal assets totaled $10.8 billion.
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CONTACT: Third Federal Savings and Loan Jennifer Rosa, Public Relations Manager (216) 429-5037