Pentucket Bank Receives Five-Star Rating from BauerFinancial

Scott D. Cote, chairman and chief executive officer, Pentucket Bank.

Pentucket Bank has again received a five-star rating from BauerFinancial. With more than 25 continuous years of maintaining Bauer’s highest rating, the Haverhill-based bank has also been designated as a “Best of Bauer” bank. The rating measures capital adequacy, profitability, asset quality and more.

“Pentucket Bank is an integral member of the community,” said Karen L. Dorway, BauerFinancial president. “Its support provides the vitality the community needs to remain socially, educationally and commercially vibrant. A strong community, in turn, produces a strong community bank. And the cycle continues. True community banks, like Pentucket Bank, understand that what is good for the community is equally good for them, making them an invaluable neighbor,” she added.

Established in 1891, Pentucket Bank is a mutually-owned community bank with assets of $670 million and branches in Haverhill and North Andover, and Salem and Hampstead, N.H. Pentucket Bank has also been recognized by Forbes Magazine as one of three New England based community banks that are making a difference and Banking New England Magazine as a bank that is committed to revitalizing the communities that it serves. It is also a five-time recipient of The Boston Globe’s Top Places to Work.