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VENTURA, CA — Based on 2013 financial results, Ventura County’s award winning and locally owned County Commerce Bank has been 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.
The bank was rated a “Super Premier Performing Bank” for the sixth time by The Findley Reports. County Commerce is the only bank headquartered in Ventura County and the only bank on California’s central coast to receive Findley’s highest rating for their 2013 performance. The bank has been rated a “Super Premier Performing Bank” and “Premier Performing Bank” for the past nine years. The Findley Reports publish the most comprehensive financial institution analysis offering comparison, performance and evaluation of California’s banking industry. Their ratings are highly regarded and recipients are recognized throughout California as financial institutions achieving exceptional performance.
Kreutz noted, “We are honored to be recognized again this year as a Super Premier Performing Bank by The Findley Reports. The longevity of our employees and the trust of our customers have made us the most successful community bank in the county. The loyalty and strength of our customer relationships and their confidence in referring others is invaluable. As the largest and strongest of the community banks in Ventura County, we are in the best position to meet the banking needs of local businesses, large and small. We understands the needs and issues of local businesses, and have the means and ability to act quickly and help them meet their goals. Kreutz added, “We have consistently exceeded expectations and we are pleased that our strong foundation has enabled us to sustain this high performance level. Super Premier Performing Bank is a coveted award and we are thrilled to receive it again this year.”
In addition, the bank received the highest Five Star “Superior” rating for the 36th 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 36 consecutive quarters and the only bank in Ventura County to earn five stars for the fourth quarter of 2013. 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 44th best performing bank in all of California. The report’s rankings for 215 banks headquartered in the state are based on earnings, asset quality, efficiency, margin management, and fee analysis.
According to Joseph D. Kreutz, County Commerce Bank’s President and Chief Executive Officer, “The banks solid, steady growth continues as the recognition by industry experts confirms. The bank is well positioned for continued growth and we look forward assisting local businesses and individuals in their success as well.”
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 $231.4 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.