Lighthouse Bank Named 10TH Healthiest Bank In America
SANTA CRUZ, Calif., June 2, 2015 /PRNewswire/ -- Locally owned and operated Lighthouse Bank (OTC-QB: LGHT) has been ranked 10th of the Top 200 Healthiest Banks in the Nation, according to DepositAccounts.com. Each year DepositAccounts.com evaluates the financial health of every federally insured bank in the United States – more than 6,900 total. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score. From the list of 6,998 banks, DepositAccounts.com recognized Lighthouse Bank as 10th in the Nation and an overall health rating of A+. The top ranking is principally attributed to Lighthouse Bank's extremely strong capital position, high asset quality, lack of historical loan losses, and strong loan loss reserve. In addition to the designation of exceptional health, Lighthouse Bank's return on equity as averaged in excess of 10% annually over the past three calendar years.
Lighthouse Bank is located at 111 Mission Street in Downtown Santa Cruz, Ca. In early 2014, the Bank purchased the site at 2020 N. Pacific Avenue, Santa Cruz. Renovation is underway and occupancy is anticipated in early 2016. The property is located in the heart of downtown Santa Cruz and will serve as the Bank's new headquarters. Once completed, the 8500 sq. ft. facility will represent a landmark site and will significantly benefit both the Bank and the Santa Cruz community.
Lighthouse Bank's stock (OTC-QB: LGHT) is actively traded Over the Counter via the Bank's market makers and online and full-service brokerage providers. More information on the Bank's stock and historical financial performance may be located on the Bank's website at www.lighthousebank.net or by calling 831-600-4000.
ABOUT LIGHTHOUSE BANK:
Lighthouse Bank is a locally owned and operated full-service commercial bank located in Santa Cruz, Ca. Lighthouse Bank offers a full array of banking products and services to businesses, professionals, individuals, developers and commercial property owners. The Bank is dedicated to providing exceptional personalized service and access to decision makers who are always close at hand. A unique worldwide ATM fee rebate program, business courier service, and remote deposit capture technology allow the Bank to expand its geographical reach throughout Santa Cruz County and the Silicon Valley. Lighthouse Bank is committed to operating an open, ethical and financially successful company without engaging in the corporate excesses that have come to characterize the financial services industry. All decisions are intended to contribute to the long-term success of its clients, employees, owners and the communities it serves.
Lighthouse Bank
Member FDIC / Equal Housing Lender / SBA Preferred Lender
SOURCE Lighthouse Bank
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