CLEVELAND, March 10, 2014 (GLOBE NEWSWIRE) -- Third Federal Savings & Loan (Nasdaq:TFSL) is being recognized, for the 103rd straight quarter, as a 5-star, "superior" institution by independent rating agency, BauerFinancial. Less than 1 percent of financial institutions in the United States have had the same distinction as long as Third Federal.
BauerFinancial has been collecting quarterly data on banks and financial institutions and ranking them based on specific criteria centered on safety and soundness since 1988. No institution can pay to be on the list, nor excluded from it. The latest data is based on Third Federal's financial filings from December 31, 2013, and results were released by BauerFinancial on Friday.
"Being named to the BauerFinancial list is a testament to our continued focus on doing what is best for our customers and our company," said Marc A. Stefanski, chairman and CEO of Third Federal. "We see nothing but sunshine and blue skies for our business going forward."
Third Federal Savings and Loan is a leading provider of savings and mortgage products, and operates under the values of love, trust, respect, a commitment to excellence and fun. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, our mission is to help people achieve the dream of home ownership and financial security. We became a public company in 2007 and celebrated our 75th anniversary in 2013. Third Federal, which lends in 17 states, is dedicated to serving consumers with competitive rates and outstanding service. Third Federal has 21 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, 2013, the assets of Third Federal Savings & Loan Association totaled $11.4 billion. For more information about Third Federal, visit us at thirdfederal.com.