CLEVELAND, Dec. 8, 2011 (GLOBE NEWSWIRE) -- Third Federal Savings and Loan (Nasdaq:TFSL) achieved another 5-star rating from BauerFinancial for the quarter ended September 30, 2011. The thrift has been given this distinction since Bauer began rating banks 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 can it elude its inclusion. The latest data is based on Third Federal's third fiscal quarter financial filing.
"We are proud to again receive recognition of our safety and stability from BauerFinancial," said Marc A. Stefanski, chairman and CEO of Third Federal. "The agency's independent rating is well-respected by not only our associates, but by our customers as well. They know that when they bank with us, we are a safe haven for their loans and deposits."
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, 2011, Third Federal assets totaled $10.9 billion.
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