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STOCKTON — BAC Community Bank has earned a five-star rating from BauerFinancial Inc. which rates banks and credit unions nationwide. The company rates institutions from best to worst on a one-to-five-star scale.
The company rates institutions based on a call report filed with government regulators each quarter. BauerFinancial performs an independent analysis on the raw data supplemented with historical and other data to assign star ratings.
A five-star rating indicates that BAC Community Bank is one of the strongest banks in the nation, excelling in such areas as capital, loan quality and profitability among other factors.
“As market conditions continue to change, banking institutions must be adept enough to evolve with them,” Karen L. Dorway, president of BauerFinancial said in a press release. “With BAC Community Bank’s stellar financial condition and track record, we have no doubt in its ability to do so. The community is privileged to have such a strong financial partner in its midst.”
BAC Community Bank began in 1965 as the Bank of Agriculture and Commerce. The owners, Berberian family, and the bank’s board and management decided to rename the bank in 2015 as part of its 50th anniversary.
BAC Community Bank currently has branch offices in Lodi, Modesto, Stockton, Oakley, Antioch, Brentwood, Concord and Discovery Bay. It also has a loan production office in Tracy.