Santa Cruz County Bank (OTCQX: SCZC) is pleased to announce its rank as the top bank in California
for the second quarter in 2016. The Bank also ranks #1 for lowest
non-performing assets. FMC - Financial Management Consulting Group ranks
all 185 California banks on a quarterly and annual basis based on a
variety of factors including: net interest margin, efficiency, asset
quality and earnings.
Santa Cruz County Bank President and CEO David Heald stated, "We are very pleased to be in the company of the top ten performing banks in the state of California.
To rank in first position (lowest) non-performing assets is the result
of consistent monitoring of asset quality and prudent lending standards.
Our overall number one ranking in the state for the second quarter
fulfills our commitment to deliver top tier performance with a focus on
building value for our shareholders."
Timothy Finn,
President of FMC stated, "We measure eight (8) different metrics to
determine overall performance rankings. For a Bank to be ranked in the
top ten in the State means they do everything well, not just one or two
things."
FMC -Financial Management Consulting Group, based in Kentucky is a 28 year old firm that provides consulting and reporting for financial institutions throughout the United States. For the complete list of Top Ten FMC rankings, visit http://www.fmcgrp.com/performance-reports.html and click on the State of California.
ABOUT SANTA CRUZ COUNTY BANK Santa Cruz County Bank, founded in 2004, is a locally owned and operated community bank with offices located in Aptos, Capitola, Santa Cruz, Scotts Valley and Watsonville.
The bank offers a variety of competitive deposit and lending solutions
for businesses and individuals; including business loans, lines of
credit, commercial real estate financing, agricultural loans, SBA and
USDA government guaranteed loans, credit cards, merchant services,
remote deposit capture, mobile and online banking, bill payment, and
cash management. For the past nine years, the Bank's SBA Department has
been recognized as a top SBA lender in Santa Cruz County. Santa Cruz County Bank is a top USDA lender in the state of California.
Santa Cruz County Bank stock
is publicly traded on the OTCQX marketplace under the stock symbol SCZC.
Stock purchase orders may be placed through a brokerage firm or one of
the Market Makers listed in the Investor Relations section of the bank's
website. For more information about Santa Cruz County Bank, please
visit our website www.sccountybank.com.
This release may contain
forward-looking statements that are subject to risks and uncertainties.
Such risks and uncertainties may include but are not necessarily limited
to fluctuations in interest rates, inflation, government regulations
and general economic conditions, and competition within the business
areas in which the Bank is conducting its operations, including the real
estate market in California
and other factors beyond the Bank's control. Such risks and
uncertainties could cause results for subsequent interim periods or for
the entire year to differ materially from those indicated. Readers
should not place undue reliance on the forward-looking statements, which
reflect management's view only as of the date hereof. The Bank
undertakes no obligation to publicly revise these forward-looking
statements to reflect subsequent events or circumstances.