Level One Bank Awarded 5-Star Rating
FARMINGTON HILLS, Mich., May 10, 2011 /PRNewswire/ -- Level One Bank is proud to be recognized as a 5-Star Superior Bank by BauerFinancial, Inc., Coral Gables, Florida, the nation's leading independent bank and credit union rating and research firm. Earning this highest 5-Star rating for strength and stability, Mr. Patrick J. Fehring, President/CEO, and the entire team at Level One Bank have proven their commitment to their clients. To earn Bauer's 5-Star Superior rating, Level One Bank must excel in areas of capital adequacy, delinquent loan levels and profitability to name just a few.
According to Karen L. Dorway, President of the research firm, "Community banks, like Level One Bank, tend to know their clients, the local business community, when to grant a loan... and when not to grant one. 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."
With its latest acquisition of Paramount Bank in December 2010, it currently operates through six conveniently located offices in Birmingham, Clinton Township, Farmington Hills, Ferndale and Northville.
Established in 2007, Level One Bank has been serving the banking needs of its neighbors and friends for four years. Level One is a locally owned, full-service commercial and consumer bank, with assets in excess of $400 million and growing. Commercial Banking Services include: lines of credit, term loans, commercial mortgages, SBA loans and a full suite of Treasury Management Services. The Bank's Consumer Division offers personal savings and checking accounts including free checking, and competitive interest-bearing accounts such as Money Markets, IRAs, and CDs. The bank also provides a complete array of consumer loan products including first mortgages, home equity, personal lines, auto, recreational vehicles and credit card services. To learn more about Level One Bank, please visit the website at www.levelonebank.com.
CONTACT: Patrick J. Fehring
President & CEO Level One Bank
SOURCE Level One Bank