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D. A. Davidson Companies, one of the nation’s leading regional financial services holding companies has released their second quarter, 2010 summary report of financial performance for banks in the state from data provided quarterly by the FDIC and Federal Reserve. The summary report only includes community banks headquartered in the state and County Commerce Bank, Ventura County’s award winning bank is the highest rated bank headquartered in Ventura, Santa Barbara, San Luis Obispo, Monterey and Santa Cruz Counties. Joseph D. Kreutz, President and Chief Executive Officer stated “D. A. Davidson issues ratings based on financial data including ROA, ROE. This is gratifying recognition of the high quality, dedication and hard work of our staff and knowledgeable and careful guidance of the Board of Directors.” Kreutz added, “We are pleased to offer our customers a safe and secure institution for their banking needs. The bank’s strong financial performance also enabled the bank to continue supporting the local community with loans, even through the recent recessionary climate.”
County Commerce Bank was nationally recognized by U.S. Banker’s magazine as one of the Top 200 Community Banks across the nation (ranked by 3-year Average ROE). County Commerce Bank was the only bank headquartered on the central coast to receive Super Premier Performing Bank for 2009 by Findley Reports. County Commerce Bank was the highest rated bank based in Southern California and the sixth best performing bank in California for 2009, according to a report issued by Financial Management Consulting Group, a financial industry rating company.
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 $170 million assists local professionals and small businesses, offering its customers state of the art technology along with a traditional banking experience.