SUN VALLEY, Calif., April 10, 2017 /PRNewswire/ -- Mission Valley Bank – the sole subsidiary of Mission Valley Bancorp – is pleased to announce that Mission Valley Bank has once again achieved the prestigious ranking as one of California's 2016 "Super Premier Performing Banks" by the Findley Reports. The Findley Reports, a highly regarded consulting and reporting firm for the financial industry, has been recognizing the performance of California and Western Region banking institutions for 52 years.
Each year, The Findley Reports recognizes certain high performing banks as "Super Premier," "Premier," and "Commendable" based upon their operating results. Out of 127 banks recognized for 2016, Mission Valley Bank is one of just 75 to be recognized as "Super Premier Performers." Banks are rated on four basic components: growth, return on beginning equity, net operating income as a percentage of average assets, and loan losses as a percentage of gross loans.
Mission Valley Bank's President & CEO, Tamara Gurney stated, "Earning this distinction for the 2nd consecutive year stands as a strong testament to the dedication of our entire staff and management team to build and maintain a superior community business Bank." Additionally, in their most recent bank performance and safety ratings releases, both Bauer Financial as well as Veribanc, Inc., have recognized Mission Valley Bank with their highest ratings (Bauer, Five Star Superior and Veribanc, Three Star Green / Blue Ribbon Bank with the Commendation of Excellence).
Mission Valley Bancorp is traded on the OTCQX under the symbol MVLY.
About Mission Valley Bank
Mission Valley Bank is a full-service, independent, commercial bank specializing in the banking needs of small to medium businesses in the San Fernando & Santa Clarita Valleys. The Bank was chartered in July 2001, with a vision of local ownership and a commitment to providing financial solutions to meet the needs of its clients.
Certain matters discussed in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current management expectations and, therefore, are subject to certain risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed, suggested, or implied by the forward-looking statements. Forward-looking statements are effective only as of the date that they are made and Mission Valley Bank assumes no obligation to update this information.
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SOURCE Mission Valley Bank