SANTA CRUZ, Calif., May 9, 2016 /PRNewswire/ -- Santa Cruz County Bank (OTCQX: SCZC) announced today it has ranked 44th in the Top Performing 200 Community Banks and Thrifts in the United States. Performance data and rankings were released in American Banker Magazine's May 2016 publication. A total of 684 institutions, with less than $2 billion in assets, were included in the nationwide ranking. Ranking was based upon 3-year average return on equity for the years ending December 31, 2013, 2014 and 2015.
A total of 18 California banks made American Banker Magazine's Top 200 Community Bank list. Santa Cruz County Bank ranked 5th among California banks, with a 3-year average return on equity of 11.90%.
David Heald, President and CEO commented, "We are pleased to rank in the Top 200 performing banks in the nation for a third year running and to progressively move up in rank each consecutive year. The Bank's outstanding performance is the result of the focus and commitment of our Board of Directors, our Management team and our entire staff, who are all to be commended for our performance."
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, 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. For more information, visit www.sccountybank.com. Santa Cruz County Bank's common stock is listed on OTCQX under the stock symbol SCZC.
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.
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SOURCE Santa Cruz County Bank