Pioneer Bank & Trust receives prestigious Best of Bauer designation from the Nation’s most respected evaluator of financial institutions.
Local community-based lender and popular financial services provider, Pioneer Bank & Trust, earns the highest recommendation for maintaining a 5-star rating every fiscal quarter for over 28 years straight.
Coral Gables, Florida (May 2016)–For nearly twenty-nine years, Pioneer Bank & Trust has received the highest rating possible from Bauer Financial Services—the evaluator that set the industry standard for banking assessment in 1983. Pioneer extended a 28-year streak of continuous 5-star ratings, earning a spot on the prestigious Best of Bauer list. To receive the recommendation, an institution must maintain a 5-star rating with Bauer every fiscal quarter for 25 years running, regardless of market fluctuations, financial conditions, and political flux.
“Every customer and every relationship we have truly matters to us; it isn’t a numbers game,” commented Dylan Clarkson, President and Chief Executive Officer. “We treat every relationship with a great deal of care and diligence.” By focusing on individual relationships and the communities they serve, Pioneer extended their perfect streak, earning an unqualified recommendation from Bauer Financial Services with policies and practices that focus on stability and security. The streak was not affected by the financial crisis of 2008—an event that saw older and larger institutions drop below a 5-star rating.
Few financial institutions are able to maintain the professional rigor required to land on the Best of Bauer list, and the likelihood is even less for lenders in the Midwest. Nevertheless, Pioneer has maintained the rating by working to stay connected with the communities they serve without compromising the sound decision-making that saw them through the recession. In respose to the award, Clarkson commented, “This award isn’t for Pioneer Bank & Trust. It’sfor all of our employees, and it reflects the support that our customers and communities have provided for us.”
Pioneer Bank & Trust serves five communities at six locations in Western South Dakota with banks in Belle Fourche, Buffalo, Spearfish, Sturgis and two Rapid City locations.