VENTURA, CA -- Based on 2012 financial results, Ventura County’s award winning and locally owned County Commerce Bank, 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, recently added three more awards to their already substantial portfolio.
The bank was rated a “Super Premier Performing Bank” for the fifth time by The Findley Reports and the only bank headquartered in Ventura County to receive this rating for their 2012 performance. The bank has been rated a “Super Premier Performing Bank” or “Premier Performing Bank” for the past eight years. The Findley Reports publish the most comprehensive financial institution analysis of California's banking industry. Their ratings are highly regarded and recipients are recognized throughout California as financial institutions achieving exceptional performance.
County Commerce Bank was nationally recognized by American Banker magazine as one of the Top 200 Community Banks (ranked by 3-year Average ROE). County Commerce Bank was the only bank headquartered in Ventura County and the sixth highest of the California banks included on the list of the Top 200 Community Banks because of its Return on Average Equity (ROE) over the past three years of 9.6%.
The bank was voted Small Business of the Year 2013 by the Oxnard Chamber of Commerce. Recognized for significant contribution to the betterment of the Oxnard community, the bank actively supports the Oxnard community with employees serving on boards throughout the community, in addition to donating countless volunteer hours.
Kreutz noted, “We are honored to be recognized again this year as a Super Premier Performing Bank by The Findley Reports. The banks solid, steady growth continues as the recognition by industry experts confirms. As the largest and strongest of the community banks left in Ventura County, we are in the best position to meet the banking needs of local businesses, large and small. We are one of the only banks remaining that understands the needs and issues of local businesses, and have the means and ability to help them meet their goals. We are pleased that our strong foundation has enabled us to sustain this high performance level, even through the challenges of the economic and regulatory environment. Super Premier Performing Bank is a coveted award and we are thrilled to receive it again this year.”
“Of course, we are honored to be included in the list of Top 200 Community Banks.” Kreutz added, “We appreciate the recognition as a top-performing bank and we are deeply grateful to our community for their support over the past ten years.”
Kreutz stated, “It is a tremendous honor to be recognized by our peers for doing well as a community member. Giving back to our community is what community banking is all about. The bank is well positioned for continued growth and we look forward to assisting local businesses and individuals in their success as well.”
In addition, the bank received the highest Five Star “Superior” rating for the 32th consecutive quarter from BauerFinancial, Inc., which indicates that the bank is one of the safest in the United States. County Commerce is the only bank headquartered in Ventura County to receive this award for 32 consecutive quarters and the only bank in the tri-counties to earn five stars for the fourth quarter of 2012. BauerFinancial providesindependent bank and credit union ratings; institutions do not pay for nor can they choose to be excluded. Star-ratings are assigned based on a scale of zero to five stars with five stars being the strongest.
Financial Management Consulting Group, a financial industry rating company that publishes bank performance reports, rated County Commerce Bank as the top rated bank in the tri-counties and 36th best performing bank in all of California. The report’s rankings for 229 banks headquartered in the state are based on earnings, asset quality, efficiency, margin management, and fee analysis.
About County Commerce Bank
County Commerce Bank (OTCBB: CNYB) is a full-service commercial bank founded by local professionals and business leaders in Ventura County. County Commerce Bank was founded by local professionals and business leaders in Ventura County. The Bank opened for business at 3260 Telegraph Road, Ventura, California in February, 2003, opened its second branch located at 2400 E. Gonzales Road, Oxnard in April, 2007 and a third branch in May 2012 at 2357-B Pickwick Drive in Camarillo. County Commerce Bank provides financial solutions for local professionals and small businesses, with assets of $203 million assists local professionals and small businesses, offering its customers state of the art technology along with a traditional banking experience. For more information, call 805-477-7600 in Ventura, 805-485-7600 in Oxnard, 805-482-7600 in Camarillo or visit www.CountyCommerceBank.com.