Chino Commercial Bank Receives Super Premier Performing Recognition

Rhea-AI Summary

Chino Commercial Bank, a subsidiary of Chino Commercial Bancorp (OTC: CCBC), was recognized as a 'Super Premier Performing Bank' by The Findley Reports for its outstanding financial and operational performance in 2023. The bank's President and CEO, Dann H. Bowman, expressed satisfaction with the increased revenue, earnings, and strong credit performance, highlighting plans for further lending expansion.

Positive

• Chino Commercial Bank received the highest rating of 'Super Premier Performing Bank' from The Findley Reports.
• The recognition was based on factors like Profitability, Return on Equity, and Loan performance.
• President and CEO Dann H. Bowman mentioned increased revenue, earnings, and earnings per share, along with strong credit performance.
• The bank plans to expand lending to consumers and businesses in the area due to its strong capital position and low loan losses.

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• None.

CHINO, Calif., April 12, 2024 (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, Upland, and a new branch planned for Corona, received the recognition from Findley for its financial and operational performance during the 2023 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 Bank. 2023 was a very good year for the Bank, with increased revenue, earnings and earnings per share, in addition to strong credit performance. With the Bank’s strong capital position and low loan losses, we are in a good position to expand lending to the consumers and businesses in our area.”

FAQ

What recognition did Chino Commercial Bank receive?

Chino Commercial Bank received the highest rating of 'Super Premier Performing Bank' from The Findley Reports.

What factors contributed to the bank's recognition?

The recognition was based on factors like Profitability, Return on Equity, and Loan performance.

Who expressed satisfaction with the bank's performance?

President and CEO Dann H. Bowman mentioned increased revenue, earnings, and strong credit performance.

Why does the bank plan to expand lending?

The bank plans to expand lending to consumers and businesses in the area due to its strong capital position and low loan losses.