EAST SYRACUSE, N.Y., July 9, 2010 (GLOBE NEWSWIRE) -- Beacon Federal Bancorp, Inc. (Nasdaq:BFED) announced that it has been recognized with top honors by two leading independent financial reporting agencies. In June, Beacon Federal was named as the 19th top performing thrift by SNL Financial's annual ranking of the 100 largest publicly traded thrifts. This is the second consecutive year that Beacon Federal was one of the top 50 thrifts in the listing. In July, BauerFinancial, Inc., announced that Beacon Federal has earned a Five-Star Superior Rating for financial strength and stability.
"Beacon Federal is honored to be recognized in the top 20% of large thrifts across the nation," said Ross Prossner, President and CEO. "In these difficult times, it's important to know your bank is safe, sound and secure. To earn the recognition from both SNL and BauerFinancial is a great accomplishment for our community, loyal customers and the dedicated Beacon Federal team. I am very proud of our team for providing the consistent exemplary service to our customers which drives our strong financial performance."
Beacon Federal, ("the Bank"), a subsidiary of Beacon Federal Bancorp, Inc., provides a full array of banking products and services to both individuals and commercial customers. The Bank is headquartered with a full-service branch in East Syracuse, New York, along with seven other full-service branches in East Syracuse, Marcy and Rome, New York, Smartt and Smyrna, Tennessee, Tyler, Texas and Chelmsford, Massachusetts. The Company's stock is traded on the NASDAQ Global Market under the symbol "BFED." For more information about Beacon Federal, visit www.beaconfederal.com.
ABOUT SNL FINANCIAL
SNL Financial is a leading provider of financial information on more than 3,300 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy and Media & Communications. Additional information about SNL Financial can be found at their website at www.snl.com.
ABOUT BAUERFINANCIAL, INC.
BauerFinancial, Inc., Coral Gables, Florida, a leading independent bank rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can any choose to be excluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.