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County Commerce Bank, Ventura County ‘s award-winning bank, was recently awarded Premier Performing Bank for 2008 by Findley Reports, the fifth 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, “County Commerce Bank was the only bank headquartered in Ventura County to receive this prized recognition. Findley noted that 2008 was a tough year for banks ‘based upon the challenges of the interest rate market, the regulatory perspective, the economy, and the significant downturn in the financial industry’. Thanks to the hard work and dedication of our Board of Directors, management and staff, County Commerce Bank has successfully navigated through these challenges and is once again 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 $133 million assists local professionals and small businesses, offering its customers a traditional banking experience along with Internet banking and Bill Pay.