Rockville Bank's Quarterly Ratings Streak Continues

It's now 23 quarters and counting for Rockville Bank after a major ratings agency assigned it another five-star rating for another three-month period.

The rating represents the highest classification assigned by Florida-based Bauer Financial Inc.  for ''strength and stability.''

To earn Bauer’s five-star rating, a bank must excel in areas of capital adequacy, delinquent loan levels and profitability.

''Community banks, like Rockville Bank, tend to know their customers, the local business community, when to grant a loan… and when not to grant one,'' Bauer President Karen L. Dorway said. ''What many people don’t realize is that community banks actually have better balance sheets than their larger counterparts. Their capital ratios and nonperforming asset ratios are typically much more impressive than larger institutions. These are not the banks that threaten our economic well-being. On the contrary, they are the lifeblood of it.”

It's the last full-quarter for longtime Rockville bank President and Chief Executive Officer William McGurk.

Rockville Bank recently announced that William H. Crawford will succeed McGurk as president and CEO when McGurk retires at the end of April. McGurk will continue to serve as a member of Rockville Bank’s board of directors for at least two more years.

Rockville Bank was established in 1858. It currently operates through 22 branches in Hartford, New London and Tolland counties.