August 30, 2010
County Commerce Bank was nationally recognized by U.S. Banker's magazine as one of the Top 200 Community Banks (ranked by 3-year Average ROE). The only bank headquartered in Ventura County or even on the entire central coast, County Commerce Bank was selected to be included on the list of the top 200 Community banks because of its Return on Average Equity (ROE) over the past three years of 9.01%.
Joseph D. Kreutz, the bank's President and Chief Executive Officer stated “We are pleased to make this list, particularly during these challenging economic times. Out of more than 8,000 community bank across the nation, we are honored to be included in the top 200. We appreciate the recognition as a top-performing bank; recognition earned by our team of dedicated professionals who stay focused on the needs of our customers and responsibilities to sustain strength of our institution."
County Commerce Bank was recently rated the sixth best performing bank in California for 2009 by Financial Management Consulting Group and received Super Premier Performing Bank for 2009 by Findley Reports. These ratings are in addition to other recent industry recognition of the Bank's outstanding performance during 2009, which includes D.A. Davidson Company's ranking of County Commerce Bank as the top rated bank headquartered on California's central coast and the Five-Star “Superior” rating for the 21st consecutive quarter by Bauer Financial, Inc., their highest rating. County Commerce Bank is the only bank headquartered in Ventura and Santa Barbara Counties to earn five stars for the second quarter of 2010, which indicates that the Bank is one of the safest in the United States.
County Commerce Bank was founded by local professionals and business leaders in Ventura County and opened for business in February, 2003. Headquartered in the City of Ventura at 3260 Telegraph Road (one block west of Mills), with a second branch at 2400 E. Gonzales Road, Oxnard, County Commerce Bank, with assets of $169 million assists local professionals and small businesses, offering its customers a traditional banking experience along with the state of the art banking solutions.