Business Digest: Santa Cruz County Bank honored for financial performanceApril 17, 2019
Santa Cruz County Bank honored
Santa Cruz County Bank received the designation of Super Premier Performing Bank by Findley Reports Inc. for the ninth consecutive year.
For a bank to achieve the Super Premier performance rating, it must meet four key performance ratios established by Findley: growth, return on beginning equity, net operating income as a percentage of average assets and loan losses as a percentage of gross
loans. The designation is based on 2018 financial performance. The Findley Reports is the reporting service of The Findley Cos. and recognizes the financial performance of banking institutions in California and the Western U.S.
“Achieving nine consecutive years as a Super Premier performing bank is a testament to the hard work and focus of our Board of Directors, our management team, and our employees on meeting high service standards and delivering exceptional value for our shareholders,” David Heald, president and CEO of Santa Cruz County Bank said in a prepared statement,
Santa Cruz County Bank, founded in 2004, is a locally owned and operated full-service community
bank headquartered in Santa Cruz with branches in Aptos, Capitola, Santa Cruz, Scotts Valley and Watsonville. The bank was named 2018 Business of the Year by the Santa Cruz Area Chamber of Commerce. Information: Visit sccountybank.com.