SANTA CRUZ, Calif., Santa Cruz County Bank (OTC Pink: SCZC), with assets over $1 billion, is a top rated community bank headquartered in Santa Cruz County. Today the bank announced receipt of its tenth consecutive designation of Super Premier performing bank by The Findley Reports, Inc. based upon 2019 financial performance.  

For a bank to achieve the Super Premier performance rating it must meet four key performance ratios established by Findley Reports, Inc. Super Premier is the highest rating level established by Findley Reports, Inc. Santa Cruz County Bank met the four criteria at a high level of performance: growth, return on beginning equity, net operating income as a percentage of average assets and loan losses as a percentage of gross loans. 

Gary Steven Findley, Editor of The Findley Reports remarked, "One of the true joys in writing the Newsletter and reviewing the performance of all banks in the western United States is recognizing exceptional performance. Santa Cruz County Bank has again been recognized as a Super Premier Performing Bank and remains one of the top performing banks year in and year out."

David Heald, President and CEO of Santa Cruz County Bank commented, "Achieving a decade of consecutive years as a Super Premier performing bank is a testament to the hard work and focus of our Board of Directors, our management team, and our employees on meeting high service standards and delivering exceptional value for our shareholders. I am very proud of our dedicated team and their accomplishments year after year."

ABOUT THE FINDLEY REPORTSFor over fifty years The Findley Reports has been recognizing the financial performance of banking institutions in California and the Western United States. The Findley Reports is the reporting service of The Findley Companies. Since 1965, The Findley Companies have earned recognition as being knowledgeable, innovative and effective in implementing solutions to complex situations. 

ABOUT SANTA CRUZ COUNTY BANKSanta Cruz County Bank was founded in 2004. It is a top-rated, locally-owned and operated, full-service community bank headquartered in Santa Cruz, California. The bank has seven branches–Aptos, Capitola, Cupertino, Santa Cruz (2), Scotts Valley and Watsonville. Santa Cruz County Bank is distinguished from "big banks" by its relationship-based service, problem-solving focus, and direct access to decision makers. The bank is a leading SBA lender in Santa Cruz County and Silicon Valley, and a top USDA lender in the state of California. As a full-service bank, Santa Cruz County Bank offers competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate financing, construction lending, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment, and treasury management. True to its community roots, Santa Cruz County Bank has supported regional well-being by actively participating in and donating to local not-for-profit organizations. 

Santa Cruz County Bank stock is publicly traded on the OTC marketplace under the symbol SCZC. Stock purchase orders may be placed online, through a brokerage firm, or through Market Makers listed in the Investor Relations section of the bank's website. For more information about Santa Cruz County Bank, visit 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.

SOURCE Santa Cruz County Bank