We’re pleased to share with you some exciting news about Premier Business Bank (“Premier”) and our recent performance. Some important people are saying nice things!
First, our Premier Bank of Palos Verdes division was presented with the “2013 BEST NEW BUSINESS” award from the Palos Verdes Peninsula Chamber of Commerce. This prestigious award was given to Premier for helping local small businesses succeed in the community, becoming a recognized leader in our business community, and playing an active role in community outreach as both leaders and volunteers. We graciously accepted this award at the Annual Salute to Business Dinner on March 13, 2014.
We continued to receive accolades for outstanding performance when the Independent Community Bankers of America (“ICBA”) named Premier as one of the “BEST OF THE BEST” top-performing community banks with total assets of $150-$300 million. The ICBA is the leading community bank trade organization and considered the nation’s voice for over 6,500 community banks of all sizes. Premier ranked #6 for return on assets (ROA) and #10 for return on equity (ROE) out of the 25 top-performing banks in this category across the nation. The ICBA commented that, although the high-achieving banks have their own formulas for success, there are similarities or common traits that always standout. Premier’s formula for success is based on a carefully considered business plan, staying focused on the fundamentals, and closely monitoring our progress, while pursuing the most meaningful change for our clients, employees and shareholders. We are very proud to be ranked amongst these top-performing banks and businesses and, more importantly, of our excellent financial condition and community partnerships that have resulted in these honors.