KHTS Radio Santa Clarita Radio – Santa Clarita News
Santa Clarita based Mission Valley Bank received a ‘prestigious ranking’ Monday from an industry consulting firm.
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Mission Valley Bank – the sole subsidiary of Mission Valley Bancorp – announced that Mission Valley Bank has once again achieved the prestigious ranking as one of California’s 2016 “Super Premier Performing Banks” by the Findley Reports.
“Earning this distinction for the second consecutive year stands as a strong testament to the dedication of our entire staff and management team to build and maintain a superior community business bank,” said Tamara Gurney, president and CEO for Mission Valley.
The Findley Reports, a highly regarded consulting and reporting firm for the financial industry, has been recognizing the performance of California and Western Region banking institutions for 52 years, according to its website.
Each year, The Findley Reports recognizes certain high performing banks as “Super Premier,” “Premier,” and “Commendable” based upon their operating results. Out of 127 banks recognized for 2016, Mission Valley Bank is one of just 75 to be recognized as “Super Premier Performers.”
Banks are rated on four basic components: growth, return on beginning equity, net operating income as a percentage of average assets, and loan losses as a percentage of gross loans, according to officials.
Additionally, in their most recent bank performance and safety ratings releases, both Bauer Financial as well as Veribanc, Inc., have recognized Mission Valley Bank with their highest ratings Bauer, Five Star Superior and Veribanc, Three Star Green / Blue Ribbon Bank with the Commendation of Excellence, said Mission Valley officials.
Mission Valley Bank is a full-service, independent, commercial bank specializing in the banking needs of small to medium businesses in the San Fernando & Santa Clarita Valleys. The Bank was chartered in July 2001, with a vision of local ownership and a commitment to providing financial solutions to meet the needs of its clients.
Ed. Note: This article is a press release from Mission Valley Bank
