Savers Bank Lives Up To Its Name
Savers Bank reported growth in loans, savings and assets for 2008, as well as continued five-star status with Bauer Financial.
The Southbridge-based bank said loans grew by 15 percent between 2007 and 2008 to $285 million. The bank's assets grew to $366 million from $333 million in 2007.
Net income hit $1.4 million in 2008 compared to $966,567 the previous year. Savings increased by 5 percent to $265 million.
The bank retained its five-star rating with Bauer Financial Inc., a bank analysis and reporting firm based in Florida.
Paul Jalbert, the bank's president and CEO, said adding new drive-up ATMs and enhancing the bank's online banking program were important to its success during the year.
Savers has branches in Southbridge, Uxbridge, Auburn, Grafton, Charlton and Sturbridge.
WBJ Web Partners
Most Recent
Most Recent
0 Comments