ENCINO, Calif.--(BUSINESS WIRE)--California United Bank (“CUB” or “the Company”), a subsidiary of CU Bancorp (NASDAQ: CUNB), today announced it has been designated a “Super Premier” performing bank by The Findley Reports. This designation is awarded to California banks that meet the highest criteria on four performance metrics: growth, return on beginning equity, net operating income as a percentage of average assets and loan losses as a percentage of gross returns.
“We are honored to receive the ‘Super Premier’ designation from the Findley Reports for our performance last year,” said David I. Rainer, President, CEO and Chairman of California United Bank. “2013 was a milestone year for us, reflecting the successful execution of our long-term strategic plan. After several years of franchise building and the successful integration of two acquisitions, we’ve built a strong foundation for our business-banking platform and we believe this designation by The Findley Reports is further recognition that our strategy is working.”
The Findley Reports, published for more than 40 years by a highly respected financial industry consulting firm, examined 203 California banks and ranked 129 of them as “Super Premier,” “Premier,” and “Commendable.” California United Bank is one of only 60 banks to receive the “Super Premier” designation.
About California United Bank
CU Bancorp is the parent of California United Bank. Founded in 2005, California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking to businesses, non-profits, entrepreneurs, professionals and investors throughout Southern California from offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County. To view CU Bancorp’s most recent financial information, please visit the Investor Relations section of the Company’s Web site. Information on products and services may be obtained by calling (818) 257-7700 or visiting the Company’s Web site at www.cunb.com.