Fourth Consecutive Year Rating by The Findley Reports, Inc.
SANTA CRUZ – Santa Cruz County Bank announced receipt of its fourth consecutive designation of Super Premier performing bank by The Findley Reports, Inc. based upon 2013 financial performance.
To achieve the Super Premier performance rating a bank must meet four key performance ratios with Super Premier the highest rating level established by Findley Reports, Inc. Santa Cruz County Bank met all four criteria with a high level for: 1) growth, 2) return on beginning equity, 3) net operating income as a percentage of average assets and 4) 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
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.”
For nearly fifty years, The Findley Reports has been recognizing the financial performance of banking institutions in California and the Western United States.
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. 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.