BauerFinancial, Inc. has awarded County Commerce Bank, Ventura County’s award winning bank their highest rating, the Five-Star “Superior” rating for the 32nd consecutive quarter, which places County Commerce Bank in the top 3.75% of banks in California. The Five-Star “Superior” rating is the highest rating and indicates that the institution is one of the safest in the United States, according to the certificate presented by BauerFinancial, Inc. Joseph D. Kreutz, President and Chief Executive Officer stated “BauerFinancial rates U.S. banks and federally insured credit unions based on quarterly financial reports submitted to the FDIC.” Kreutz added, “We have not missed the Five-Star “Superior” rating for a single quarter in eight solid years. This is a huge accomplishment, particularly during the recent economic downturn. Our strength helps the local economy in many ways, including saving and even more importantly creating jobs by making loans to local businesses for expansion and equipment purchases. We too, are a locally owned and operated business and we all benefit by helping each other.”
County Commerce Bank is the largest locally owned bank headquartered in Ventura County. Based on financial results, County Commerce Bank has been recognized by financial industry ratings organizations as one of the nation’s best performing banks and one of the highest rated banks on California’s central coast.
Financial Management Consulting Group rated County Commerce Bank as the top rated bank in the tri-counties and 29th best performing bank in all of California out of 233. This rating is based on earnings, asset quality, efficiency, margin management, and fee analysis. In the May 2012 edition of American Banker Magazine, County Commerce Bank was the only locally headquartered bank to join other top performers throughout the nation on the list of Top 200 Community Banks and Thrifts, placing 120th ranked by three-year average ROE. County Commerce Bank was the only community bank headquartered in Ventura County recognized in 2012 by The Findley Reports as a “Super Premier Performing Bank” based on operating results.