IRVINE, Calif.– Commercial Bank of California (CBC), one of the nation’s highest capitalized banks, received a five-star rating from BauerFinancial, Inc. in the research firm’s most recent analysis of U.S. banks and credit unions, CBC announced.
The rating is based on financial data provided to the federal government and it reflects the financial stability of each institution. With one of the strongest capitalization rates in the country and a healthy rate of growth over the past five years, CBC stands out as one of the most secure lenders in America. The “superior” ranking from BauerFinancial further solidifies CBC’s reputation and strength in the marketplace.
“We are pleased with our recent rating by BauerFinancial. At Commercial Bank of California, we strive to provide the most personalized banking services to each of our customers, and we can only do that if we are on solid financial ground,” said Ash Patel, president and CEO of Irvine-based CBC. “Commercial Bank of California was built by entrepreneurs for entrepreneurs. Whether we are being relied on to provide capital for a merger, acquisition or start-up, our clients trust us to deliver exemplary financial services, and this “superior” rating by BauerFinancial validates that trust.”
Inspired by the best practices and experience of its holding company, the Meruelo Group, CBC serves small and mid-sized California businesses and entrepreneurs. It is a full-service bank offering clients all of the traditional deposit and lending services they are accustomed to, along with the convenience and innovation of internet banking.
The bank, which has branches in Irvine and Brea, is in the process of merging with the Brentwood-based National Bank of California, which has branches in Sherman Oaks, Beverly Grove and Costa Mesa. All branches will remain open after the deal closes.
BauerFinancial, Inc. is an independent research firm that offers objective analysis within the banking industry. It compiles rating reports for banks and credit unions based on financial data as it is reported to government regulators.
Commercial Bank of California is a full-service bank serving the business and professional communities in Orange County from two branches located in Irvine and Brea.