Fortune Names CU Bancorp to List of 100 Fastest Growing Companies
29 Setembro 2016 - 10:05AM
Business Wire
CU Bancorp (Nasdaq: CUNB), the parent company of wholly owned
California United Bank, today announced that it has been named to
Fortune’s annual Top 100 Fastest-Growing Companies list.
“We are honored to be recognized by Fortune as one of the
world’s fastest-growing companies and one of its best-performing
commercial banks,” said David Rainer, Chairman and CEO of CU
Bancorp and California United Bank. “Since our inception 11 years
ago, we have focused on delivering outstanding customer service
through our relationship-based business banking model in the
attractive Southern California market, with an emphasis on
providing a much more personal experience than larger institutions
can offer. We believe this, along with our very experienced and
dedicated team, is the foundation of our strong, consistent
growth.”
The Fortune list ranks companies based on their annual revenue
growth rate, earnings per share growth rate and total stock return
for the three-year period through June 30, 2016. The overall rank
is based on the sum of the three ranks. CU Bancorp’s three-year
performance rates were 47% for revenues, 44% for earnings per share
and 13% for total return; the Company ranked 52nd overall.
About CU Bancorp and California United Bank
CU Bancorp is the parent of California United Bank. Founded in
2005, California United Bank provides a full range of financial
services, including credit and deposit products, cash management,
and internet banking to businesses, non-profits, entrepreneurs,
professionals and investors throughout Southern California from its
headquarters office in Downtown Los Angeles and additional
full-service offices in the San Fernando Valley, the Santa Clarita
Valley, the Conejo Valley, Los Angeles, South Bay, Orange County
and the Inland Empire. California United Bank is an SBA Preferred
Lender. To view CU Bancorp’s most recent financial information,
please visit the Investor Relations section of the Company’s Web
site. Information on products and services may be obtained by
calling 818-257-7700 or visiting the Company’s Web site at
www.cunb.com.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking information
about CU Bancorp (the “Company”) that is intended to be covered by
the safe harbor for “forward-looking statements” provided by the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact are forward-looking
statements. Such statements involve inherent risks and
uncertainties, many of which are difficult to predict and are
generally beyond the control of the Company. Forward-looking
statements speak only as of the date they are made and we assume no
duty to update such statements. We caution readers that a number of
important factors could cause actual results to differ materially
from those expressed in, implied or projected by, such
forward-looking statements. Risks and uncertainties include, but
are not limited to: lower than expected revenues; credit quality
deterioration or a reduction in real estate values which could
cause an increase in the allowance for credit losses and a
reduction in net earnings; increased competitive pressure among
depository institutions; the cost of additional capital is more
than expected; a change in the interest rate environment reduces
net interest margins; asset/liability repricing risks and liquidity
risks; legal matters could be filed against the Company and could
take longer or cost more than expected to resolve or may be
resolved adversely to the Company; general economic conditions,
either nationally or in the market areas in which the Company does
or anticipates doing business, are less favorable than expected;
environmental conditions, including natural disasters and drought,
may disrupt our business, impede our operations, negatively impact
the values of collateral securing the Company’s loans and leases or
impair the ability of our borrowers to support their debt
obligations; the economic and regulatory effects of the continuing
war on terrorism and other events of war; legislative or regulatory
requirements, including, but not limited to requirements and
expenses relating to the Bank Secrecy Act, or changes adversely
affecting the Company’s business; changes in the securities
markets; regulatory approvals for any capital activities cannot be
obtained on the terms expected or on the anticipated schedule; and,
other risks that are described in CU Bancorp’s public filings with
the U.S. Securities and Exchange Commission (the “SEC”). If any of
these risks or uncertainties materializes or if any of the
assumptions underlying such forward-looking statements proves to be
incorrect, CU Bancorp’s results could differ materially from those
expressed in, implied or projected by such forward-looking
statements. CU Bancorp assumes no obligation to update such
forward-looking statements. For a more complete discussion of risks
and uncertainties, investors and security holders are urged to read
CU Bancorp’s Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and other reports filed by CU Bancorp with the SEC. The
documents filed by CU Bancorp with the SEC may be obtained at CU
Bancorp’s website at www.cubancorp.com or at the SEC’s website at
www.sec.gov. These documents may also be obtained free of charge
from CU Bancorp by directing a request to: CU Bancorp c/o
California United Bank, 15821 Ventura Boulevard, Suite 100, Encino,
CA 91436. Attention: Investor Relations. Telephone
818-257-7700.
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version on businesswire.com: http://www.businesswire.com/news/home/20160929005289/en/
CU BancorpDavid Rainer,
CEO818-257-7700
CU Bancorp (CA) (MM) (NASDAQ:CUNB)
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