Chino Commercial Bank Receives Super Premier Performing Recognition

Rhea-AI Summary

Chino Commercial Bank, a subsidiary of Chino Commercial Bancorp (OTC: CCBC), was awarded Findley Reports' highest rating of Super Premier Performing Bank for outstanding financial and operational performance in 2021. This recognition reflects the Bank's strong profitability, return on equity, and loan performance, as noted by the Findley Reports. President and CEO Dann H. Bowman expressed satisfaction with the award, citing a robust capital position and low loan losses that enable increased lending to consumers and businesses in the local economy.

Positive

• Awarded Findley's highest rating of Super Premier Performing Bank.
• Strong profitability and return on equity recognized.
• Low loan losses position the bank well for lending.

Negative

• None.

CHINO, Calif., April 08, 2022 (GLOBE NEWSWIRE) -- Chino Commercial Bank, the wholly owned subsidiary of Chino Commercial Bancorp (OTC: “CCBC”), was recently recognized by The Findley Reports on Financial Institutions by receiving Findley’s highest rating of “Super Premier Performing Bank.” The Bank, which has branches in Chino, Ontario, Rancho Cucamonga, and Upland, received the recognition from Findley for its financial and operational performance during the 2021 year. The recognition by Findley was based upon multiple factors, including Profitability, Return on beginning Equity and Loan performance.

Dann H. Bowman, President and CEO, stated, “We are very pleased to receive Findley Reports’ highest rating of Super Premier Performing. The local and regional economies continue to improve and we are pleased to be a part of this growing community. With the Bank’s strong capital position and low loan losses, we are in a good position to lend to the consumers and businesses in our area.”

Contact: Dann H. Bowman, President and CEO or Melinda Milincu, Vice President and CFO, Chino Commercial Bank, N.A., 14245 Pipeline Avenue, Chino, Ca. 91710, (909) 393-8880.

FAQ

What is the significance of the Super Premier Performing Bank rating for CCBC?

The Super Premier Performing Bank rating reflects Chino Commercial Bank's strong financial and operational performance, which can boost investor confidence.

When was Chino Commercial Bank recognized by Findley Reports?

Chino Commercial Bank was recognized on April 8, 2022, for its performance in the year 2021.

How does the Super Premier Performing Bank rating impact CCBC's future?

This rating may enhance CCBC's reputation, making it more attractive to potential investors and customers, and improving lending capabilities.