Pacific Continental Bank Wins Second Consecutive Community Bankers Cup by Raymond James
EUGENE, Ore., April 4, 2016 /PRNewswire/ -- Pacific Continental Bank, the bank subsidiary of Pacific Continental Corporation (Nasdaq: PCBK) has again been recognized by Raymond James as one of the top performing community banks in the country with its prestigious Community Bankers Cup. The award recognizes the top 10 percent of community banks nationally, based on various profitability, operational efficiency and balance sheet metrics. 301 community banks were considered and only 30 were ultimately awarded. Pacific Continental Bank was also recognized with the same award last year by Raymond James.
"It is an honor to once again be recognized as a top performing community bank by such a respected financial investment and services company as Raymond James," said Roger Busse, Pacific Continental Bank's chief operating officer. "We strongly believe that our team of dedicated bankers and employees are among the very best in our profession and it is wonderful to have confirmation that their results place among the top performers in the country."
The Community Bankers Cup winners demonstrated superior performance in one or more of the following measurements of financial performance and stability: nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets, and return on average tangible common equity.
About Pacific Continental Bank
Pacific Continental Bank, the operating subsidiary of Pacific Continental Corporation, delivers highly personalized services through 14 banking offices in Oregon and Washington. The Bank also operates a loan production office in Tacoma, Washington. With $1.8 billion in assets, Pacific Continental has established one of the most unique and attractive metropolitan branch networks in the Northwest with offices in three of the region's largest markets including Seattle, Portland and Eugene. Pacific Continental targets the banking needs of community-based businesses, health care professionals, professional service providers and nonprofit organizations.
Since its founding in 1972, Pacific Continental Bank has received numerous awards and recognitions from highly regarded third-party organizations including The Seattle Times, the Portland Business Journal and Oregon Business magazine. A complete list of the company's awards and recognitions – as well as supplementary information about Pacific Continental Bank – can be found online at therightbank.com Pacific Continental Corporation's shares, a component of the Russell 2000 Index, are listed on the Nasdaq Global Select Market under the symbol "PCBK."
FOR MORE INFORMATION CONTACT: |
Michael Dunne |
Public Information Officer |
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541-338-1428 |
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SOURCE Pacific Continental Bank
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