CLEVELAND, March 8, 2011 (GLOBE NEWSWIRE) -- For 91 consecutive quarters, Third Federal Savings and Loan (Nasdaq:TFSL) has been recognized by BauerFinancial with its 5-star (superior) rating. Only 10 percent of financial institutions in the country match the longevity of Third Federal's nearly 23 years as a 5-star institution.
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 financial filings from December 31, 2010.
"We are proud to receive this recognition of our strength and stability," said Marc A. Stefanski, chairman and CEO of Third Federal. "The confidence we have internally continues to be reinforced by receiving this acknowledgement from Bauer – a leading, independent rating agency."
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 December 31, 2010, Third Federal assets totaled $11 billion.
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