1. CWBK ranked 6th among Best Performing Banks under $2 billion. 2. Recognition reflects strong financial performance and operational excellence. 3. Key performance metrics include equity return, capital ratios, and efficiency. 4. Investment in technology enhances long-term capabilities and client experience. 5. CommerceWest Bank focuses on tailored services for small to medium businesses.
CWBK's ranking signifies strong fundamentals and growth potential, similar to historical surges experienced by top-performing banks like First Republic Bank after attaining awards, indicating market confidence.
The recognition from American Banker suggests investor loyalty, operational reliability, and potential to attract new clients, thereby influencing market perception positively.
Strong rankings typically foster long-term investor confidence, as seen with banks like SVB and PacWest after consistent performance.
CW Bancorp (OTCQX:CWBK), the parent company ("the Company") of CommerceWest Bank (the "Bank"), is honored to be ranked 6th among the Top 20 Best Performing Banks under $2 billion in assets nationwide by American Banker. This prestigious recognition highlights the Bank's strong financial performance, commitment to operational excellence, and dedication to delivering exceptional service to our clients and communities.
This recognition reflects exceptional performance across key performance metrics, including return on average equity, net interest margin, capital ratios, efficiency ratios, and core deposit growth in 2024. In addition, banks that strategically increased their investment in technology and operations – enhancing long-term capabilities and client experience – consistently ranked among the Top 20 Best Performing Banks.
Mr. Ivo A. Tjan, Chairman & CEO commented, "This acknowledgement is not just a testament to our strong financial fundamentals, but also the dedication and ingenuity of our team." He continued, "Above all, it reflects our commitment to delivering exceptional value and service to our clients and supporting the communities we serve."
CommerceWest Bank is determined to redefine banking for small and medium sized businesses by delivering on customized products and services. Headquartered in Irvine, California, the Bank serves businesses throughout the state of California with our digital banking platform. By employing a strategically selected team of experienced professionals, we will provide flexibility, creating a complete, safe, and sound banking experience for each client. We provide a wide range of commercial banking services, including remote deposit solutions, NetBanker online banking, mobile banking, lines of credit, M&A / working capital loans, commercial real estate loans, SBA loans, and treasury management services.
CommerceWest Bank will create a complete banking experience for each client, catering to businesses and their specific banking needs, while accommodating our clients and providing them high-quality, low-stress, and personally tailored banking and financial services.
Please visit www.cwbk.com to learn more about the bank. "BANK ON THE DIFFERENCE"
SOURCE CW Bancorp