Vibra Bank Debuts With a Four Star Rating by Bauer Financial

CHULA VISTA, Calif., Jan. 26, 2011 /PRNewswire/ -- Vibra Bank (OTC Bulletin Board: VBBK) earned a four-star "Excellent" rating from Bauer Financial, an independent rating company analyzing and reporting on the performance of U.S. banks and credit unions since 1983.  

Financial institutions that earn a four-star rating from Bauer Financial are placed on the Bauer Financial Recommended Report.  As a general rule, an institution will receive its first Bauer star rating after it has been in business for approximately two and one-half years.  This is the first time Vibra Bank has been rated by Bauer Financial, as the bank reached the two and one-half year mark as of December 31, 2010.

Bauer Financial rates financial institutions based upon a complex formula factoring in current and historical data. The first level of evaluation is the capital level of the institution followed by other relevant data including, but not limited to, profitability, historical trends, loan delinquencies, repossessed assets, reserves, regulatory compliance, proposed regulations and asset quality.  

Dedicated to providing excellent personal service and competitive banking products to businesses and families in San Diego County, Vibra Bank grew by nearly 50% during 2010.  "We are pleased by the recent Bauer Financial rating, as it affirms the strength of the bank by an impartial third party," said Vibra Bank CEO Scott Parker.  "Many individuals, companies, and public agencies rely on ratings by firms such as Bauer Financial for guidance in making banking decisions," he added.

Vibra Bank offers customers a wide range of deposit services to meet their customers' needs, including online banking and remote deposit capture (www.vibrabank.com).  Vibra Bank's lending is focused on loans to businesses, business owners, and professionals, with a full range of loan products.  The bank is also a Preferred Lender for SBA loans, and was one of the top ten SBA lenders in San Diego County during the last quarter of 2010.

For more information on Bauer Financial, visit www.bauerfinancial.com.

For more information on Vibra Bank visit www.vibrabank.com.  

Certain statements in this press release, including statements regarding the anticipated development and expansion of Vibra Bank's business, and the intent, belief or current expectations of Vibra Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995).  Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.  These risks and uncertainties include, but are not limited to, risks related to the local and national economy, Vibra Bank's performance and implementation of its business plans, loan performance, interest rates, and regulatory matters.

SOURCE Vibra Bank