NORWAY — Norway Savings Bank is pleased to announce that BauerFinancial, Inc., the nation’s premier bank rating firm, has awarded NSB with the “Best of Bauer” distinction, reserved solely for banks that have earned and maintained BauerFinancial’s 5-Star Superior Rating for 25 years or longer. Norway Savings Bank has held the 5-Star Superior Rating for 144 consecutive quarters (36 years).
BauerFinancial once again called Norway Savings Bank “one of the strongest banks in the nation” for excelling in many areas, including capital, loan quality and profitability.
“Because community banks put their focus on local people and small businesses, they are perfectly positioned to provide the specialized support that is unique to their area,” said Karen L. Dorway, president of BauerFinancial. “Norway Savings Bank is a community bank that promotes local growth by investing back into the same neighborhoods their deposits come from. By fostering these local relationships, they accomplish two goals: they are highly capitalized, and they are accountable to their customers.”
BauerFinancial has been analyzing and reporting on the financial condition of the nation’s banking industry since 1983. No institution pays for its rating, nor can they avoid a rating. Each bank and credit union is required to file a detailed financial report with federal regulators four times a year. The quarterly data is subjected to a thorough analysis and is compared with historical data by BauerFinancial for consistency. Upon completion of the analysis, a star-rating is assigned based on a scale of zero to five stars with five stars being the strongest.
“We’re inspired by our mission to contribute value as neighbors, offer support and growth opportunities to our team members, and deliver peace of mind to those who entrust their financial security to NSB,” said Dan Walsh, president and CEO of Norway Savings. “We’re deeply grateful and honored to receive this designation, and we’re driven to be worthy stewards of the trust that is placed in us by our customers and communities.”
In 2026, Norway Savings Bank is celebrating 160 years of meeting the evolving needs of customers and supporting, assisting, and guiding thousands of families and businesses in pursuit of their goals.
“Each day, through the intersection of investment in the customer experience, innovation in the tools our customers use, and the positive impact left on our communities, we reaffirm our commitment to help our customers pursue the lives they choose,” said Walsh.
Founded in 1866, Norway Savings Bank is a leading mutual banking and financial services company headquartered in Norway, Maine. As of June 30, 2025, Norway Savings Bank had $2.095 billion in total assets; 25 branch locations in Maine and New Hampshire; and divisions in trust and investment services, personal banking, and business banking. It has received an “Outstanding” rating for three consecutive Community Reinvestment Act Exams from the FDIC. Norway Savings has also received the Best Place for Working Parents designation in 2022, 2023, 2024, and 2025, and was recognized with the “Best Wellness Employer – Gold Certification” for the seventh year in a row by Wellness Workdays. For more information, visit www.norwaysavings.bank.
