Bauer Financial Inc. awards Mi BANK with a 5-star rating for strength and stability

Mi BANK, a commercial bank built for business owners, has received a 5-star rating from BauerFinancial, Inc., a leading national ratings company. The 5-star rating recognizes Mi BANK for its financial strength and stability.

“At Mi BANK, we have always valued our bankers who work with clients to achieve their desired financial goals. The convenience we provide with our state-of-the-art technology and excellent personal service is tailored to each client.” said Rob Farr, Chairman and CEO of Mi BANK. “We are proud to have received the highest rating from BauerFinancial.”

Achieving the coveted 5-star superior Bauer rating indicates that Mi BANK is one of the strongest banks in the country, excelling in areas such as capital adequacy, NPL rates and profitability.

In 2019, Mi BANK became the first bank in the Midwest to establish itself in 10 years. The financial institution targets businesses with $5 million to $50 million in revenue, as well as real estate investors who require $500,000 to $5 million in funding.

“We have filled an unmet need in the business loan community by providing each client with a personal banker assigned to their relationship. This model has changed business lending and served as a guide for entrepreneurs and business owners who can streamline their banking operations.” Farr said. “We look forward to providing exceptional banking services to our clients through 2023 and beyond.”

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