IRVINE, Calif. – Commercial Bank of California (CBC) has been recognized as a five-star Superior Bank for the second quarter this year by research firm BauerFinancial, Inc. Following a perfect score in the first quarter of the year, this latest recognition solidifies CBC’s status as among the most financially stable banks in Southern California.
This is the highest rating that BauerFinancial assigns, and is based on financial data provided to the federal government reflectingthe health of each institution. With one of the strongest capitalization rates in the country, a healthy rate of growth over the past five years, and excellence in the areas of loan quality, profitability and customer satisfaction, CBC stands out as one of the most secure community banks in America.
“We are gratified that we have maintained our perfect score with BauerFinancial. We work very hard to ensure that we are well-capitalized and provide our clients with the best banking services possible,” said Ash Patel, president and CEO of Irvine-based CBC. “By maintaining the “superior” ranking from BauerFinancial over consecutive reports, CBC’s reputation as the go-to source for our valued customers and the communities’ entrepreneurs has never been stronger.”
The bank, which has branches in Irvine and Brea, recently closed a merger with the Brentwood-based National Bank of California, adding branches in Sherman Oaks, Fairfax, Costa Mesa and will soon open a new branch in Santa Monica.
BauerFinancial, Inc. is an independent research firm that offers objective analysis within the banking industry. It compiles rating reports for banks and credit unions based on financial data as it is reported to government regulators.