SANTA CRUZ, Calif.,
April 9, 2014 /PRNewswire/
-- Santa Cruz County Bank, a locally owned and operated
full-service community bank headquartered in Santa Cruz County, today announced receipt of
its fourth consecutive designation of Super Premier
performing bank by The Findley Reports, Inc. based upon 2013
financial performance.
For a bank to achieve the Super Premier
performance rating it must meet four key performance ratios
established by Findley Reports, Inc. Super Premier is
the highest rating level established by Findley Reports, Inc. Santa
Cruz County Bank met the four criteria at a high level of
performance: growth, return on beginning equity, net operating
income as a percentage of average assets and loan losses as a
percentage of gross loans.
Gary Steven Findley, Editor of
The Findley Reports remarked, "Recognizing Santa Cruz County Bank
as a 'Super Premier' performing bank is becoming an annual event.
This recognition only validates what we already know - Santa Cruz
County Bank is an 'Exceptional' Bank and a top performer amongst
all California banks."
David Heald, President and CEO of
Santa Cruz County Bank commented, "This designation is the result
of the hard work and dedication of our Board of Directors, our
Management team, and our employees to meet high service standards
and deliver exceptional value for our shareholders."
ABOUT THE FINDLEY REPORTS
For nearly fifty years The
Findley Reports has been recognizing the financial performance of
banking institutions in California
and the Western United States. The
Findley Reports is the reporting service of The Findley Companies.
Since 1965, The Findley Companies have earned recognition as being
knowledgeable, innovative and effective in implementing solutions
to complex situations.
ABOUT SANTA CRUZ COUNTY
BANK
Santa Cruz County Bank, founded in 2004, is a locally
owned and operated community bank with offices located in
Aptos, Capitola, Santa
Cruz, Scotts Valley and
Watsonville. The Bank offers a
variety of competitive deposit and lending solutions for businesses
and individuals; including business loans, lines of credit,
commercial real estate financing, agricultural loans, SBA and USDA
government guaranteed loans, credit cards, merchant services,
remote deposit capture, and online banking bill payment and cash
management. For the past seven years, the Bank's SBA Department has
been recognized as a top SBA lender in Santa Cruz County for 7a and 504 loans.
RATINGS & AWARDS
The Findley Reports, Inc.
2012: One of eleven "Exceptional Banks" in California
2013, 2012, 2011, 2010: "Super Premier Performing Bank"
Bauer Financial Reports, Inc.
Santa Cruz County Bank has received the distinction of 4-Star
"Excellent" and 5-Star "Superior" by Bauer Financial Reports, Inc.,
for its financial performance every quarter since 2007.
American Banker Magazine
2013: Santa Cruz County Bank ranked 103rd out of 851
institutions in American Banker Magazine's "Top Performing 200
Community Banks and Thrifts in the United
States" based upon 3-year average return on equity.
Community Awards
Santa Cruz County Bank received the 2013 Volunteer Center of Santa
Cruz County "Be the Difference" Business Award for its leadership
and volunteer efforts.
2013, 2014: Santa Cruz County Bank was voted "Best Bank" in
Santa Cruz County in the Good
Times Readers poll.
This release may contain forward-looking statements that are
subject to risks and uncertainties. Such risks and uncertainties
may include but are not necessarily limited to fluctuations in
interest rates, inflation, government regulations and general
economic conditions, and competition within the business areas in
which the Bank is conducting its operations, including the real
estate market in California and
other factors beyond the Bank's control. Such risks and
uncertainties could cause results for subsequent interim periods or
for the entire year to differ materially from those indicated.
Readers should not place undue reliance on the forward-looking
statements, which reflect management's view only as of the date
hereof. The Bank undertakes no obligation to publicly revise these
forward-looking statements to reflect subsequent events or
circumstances.
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SOURCE Santa Cruz County Bank
