The Bank of Santa Barbara Honored with Findley Award for “Premier Performance”
For the Second Consecutive Year, The Bank Recognized by The Findley Reports for Excellence in Financial Performance
“This achievement is a testament to the strength of our stakeholders and client relationships,” said The Bank of Santa Barbara Chief Executive Officer Eloy Ortega. “As a local community bank, we are 100% locally owned and managed. Those who do business with us are our neighbors, partners, and friends – so we hold ourselves to the highest standard of financial performance and personalized, quality service.”
The Findley Reports’ “Premier” status is based on a scoring system that ranks California financial institutions on Liquidity, Equity Capital Adequacy, Asset Structure, Loan Portfolio Quality, Deposit Quality, Operating Performance, Equity Return, Senior Management/Director Stability, Performance Consistency, and Regulatory Order.
“This is the second year The Bank of Santa Barbara has earned Premier status. We intend on making a habit of that designation on behalf of our clients and shareholders,” Ortega adds.
In 2009, recognizing a need for a bank that understands the local market, a group of Santa Barbara business leaders and philanthropists – including Eloy Ortega, The Orfalea Family Foundation, The Hutton-Parker Foundation and Tim and Bernadette Marquez – purchased The Bank of Santa Barbara from Capitol Bancorp Limited, a bank holding company headquartered in Lansing, Michigan. Starting with a single headquarters office in downtown Santa Barbara, last December The Bank opened a second branch office at 5880 Calle Real in Goleta.
ABOUT THE BANK OF SANTA BARBARA:
The Bank of Santa Barbara broke the trend of larger banks buying smaller ones as they purchased “The Bank” from a national holding company and made it a locally owned and managed hometown bank. The headquarters are located at 12 E. Figueroa Street. For additional information please visit http://www.bankofsantabarbara.com or call 805-730-7860.
ABOUT THE FINDLEY REPORTS:
Since 1967, The Findley Reports has been the foundation of the Findley Companies, providing valuable and accurate financial information to assist directors and managements in meeting the challenges and complexities of bank operations. The Findley Reports provides the banking industry with performance benchmarking through its annual designations of “Super Premier Performing,” “Premier Performing,” and “Commendable Performing” classifications. These designations have become highly regarded and recipients are recognized throughout the Western United States as financial institutions achieving exceptional performance. For more information on The Findley Reports visit http://www.findley-reports.com.
