CLEVELAND, June 12, 2012 (GLOBE NEWSWIRE) -- Since BauerFinancial began rating financial institutions 24 years ago, Third Federal Savings and Loan (Nasdaq:TFSL) has received its 5-star (superior) rating. The latest rating is based on the company's March 31, 2012, quarter-end results. This is the 96th quarter in a row that the Thrift has been named a superior 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.
"We are honored to continue to receive such recognition from Bauer (Financial) – a well-respected, independent source," said Marc A. Stefanski, chairman and CEO of Third Federal. "To be rated as a superior institution during the highs and the lows of the last 24 years affirms that we continue to be a safe haven for our customers' deposits and the best place for their loans."
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 March 31, 2012, Third Federal assets totaled $11.3 billion.
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