Lakewood’s Northwest Commercial Bank was one of only 12 Washington State banks rated 4-star by the national bank rating firm, Bauer Financial. The firm gave only 13 of the state’s 86 banks and credit unions its highest mark, 5-stars.
Bauer Financial compiles the information quarterly from the banks’ reports to the FDIC and other federal and state regulating agencies. Kurt Graff, CEO and president of the bank, reported the bank has had 12-consecutive months of profitability and is optimistically looking forward to 2011.
Other banks in the area receiving 4-star ratings from Bauer included Heritage Financial and Sound Banking Co.. Columbia Bank and Commencement Bank earned 3.5 stars. Fife Commercial was the only locally-based banking institution with a 5-star rating.
Complete listings of bank and credit union ratings by Bauer can be seen at www.bauerfinancial.com.
Northwest Commercial Bank offers full banking services for small businesses and individuals. Online banking is also available from the Lakewood and Auburn branches. The bank opened in 2002 and has its headquarters at 5726 100th St SW in Lakewood