CommerceWest Bank Ranked as the 32nd Highest-Performing Bank in the Nation by Banker's Caddy
IRVINE, Calif., March 26, 2015 /PRNewswire/ -- CommerceWest Bank (OTCBB:CWBK) ranked as the 32nd highest-performing bank in the nation by Banker's Caddy. Banker's Caddy is a respected firm that calculates composite rankings, which consider nineteen different ratios for their results of the top 50 highest-performing banks in the country for 2014.
Mr. Kirk Briden, President of Banker's Caddy commented, "With nearly 6,500 banks across the country, CommerceWest Bank's ranking places them in the top 0.5% of the banks in the country." He continued, "The bank achieved this ranking because of its solid earnings, accompanied by pristine asset quality, excellent growth, strong capital, and liquidity. CommerceWest Bank was especially impressive because of its consistent high performance in recent years."
Mr. Ivo Tjan, Chairman and CEO of CommerceWest Bank stated, "We are very pleased with this recognition of our company. To be ranked in the top 0.5% of banks nation-wide is truly an achievement. I am so proud of our team members for continuing to execute our proven business model. CommerceWest Bank remains one of California's Strongest Banks with plans to expand our market presence to small and medium size businesses."
CommerceWest Bank's Performance Highlights:
- Ranked as the 32nd highest-performing bank in the nation by Bankers Caddy
- Recognized as a 2015, 2014 and 2013 "Super Premier" performing bank by the Findley Report.
- 5 Star Rated Bank by Bauer Financial
- 5 Star Safety & Soundness Rating by Bankrate.com
- 22% loan growth for 2014
- 27% checking deposit growth for 2014
- 20% net interest income growth for 2014
- Community involvement with charitable organizations includes: Providence Speech and Hearing, Otis College, Natalie's Wish-Cystinosis Research Foundation, Marconi Foundation for Kids, Infinite Hero, Second Harvest Food Bank, Orangewood Children's Foundation, Augie's Quest, MDA, Miracles for Kids, Boys and Girls Club, Olive Crest, All American Boys Chorus, Olive Crest, Laura's House, TACA, Make-a-Wish Foundation, KidWorks, The Possible Dream, United Cerebral Palsy, The Shea Center, Orange County Children's Therapeutic Arts Center, Friendly Center, Kids Konnected, Families Forward and Encore for Education.
CommerceWest Bank is a California based commercial bank with a unique vision and culture of focusing exclusively on the business community. Founded in 2001 and headquartered at 2111 Business Center Drive in Irvine, CA. The Bank serves businesses throughout California with an emphasis on clients in Orange, San Diego, Los Angeles, and Riverside Counties. We are a full service business bank and offer a wide range of commercial banking services, including concierge services, remote deposit solution, online banking, mobile banking, lines of credit, working capital loans, commercial real estate lending, SBA lending, and cash and treasury management services.
Mission Statement: CommerceWest Bank will create a complete banking experience for each client, catering to businesses and their specific banking needs, while accommodating our clients and providing them high-quality, low stress and personally tailored banking and financial services.
Please visit www.cwbk.com to learn more about the bank. "BANK ON THE DIFFERENCE"
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SOURCE CommerceWest Bank
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