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County Commerce Bank, the only community bank headquartered in Ventura and dedicated to serving Ventura County, was recently awarded Premier Performing Bank for 2007 by Findley Reports, the fourth year in a row. The Findley Reports ratings are highly regarded and recipients are recognized throughout California as financial institutions achieving exceptional performance. Banks are rated on operating results, including deposits, net operating income, equity retention, and quality of loan portfolio. The Findley Reports publishes the most comprehensive financial institution analysis materials offering comparison, performance and evaluation of California ‘s banking industry.
The announcement was made by Joseph D. Kreutz, President and Chief Executive Officer. Kreutz stated, “We are honored to receive Premier Performing Bank by Findley Reports.” Kreutz added, “Findley noted that 2007 was a tough year for banks and I am grateful to our Board of Directors, management and staff for making County Commerce Bank a Premier Performer!”
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 $127 million assists local professionals and small businesses, offering its customers a traditional banking experience along with Internet banking and Bill Pay.