Commercial Bank of California Maintains Strong Financial Condition, Steady Growth for First Half of 2023
Highlights Include: IRVINE, Calif. (August 31, 2023) – Commercial Bank of California (“CBC” or “Bank”), a BauerFinancial Four-Star Excellent Bank, today reported net income of $6.3 million for the first half of 2023, compared to $7.9 million for the first six months of 2022. For the second quarter of 2023, the Bank’s net income was […]
Irvine, Calif. (July 27, 2023) – Today, the Best Companies Group announced the winners of the prestigious Best Places to Work SoCal 2023 list, naming Commercial Bank of California (CBC) to the list for the second year in a row. The honorees, spanning a diverse range of industries, include a list of companies that have […]
May 31, 2023
When it comes to banking, not all financial institutions are created equal. A community bank is a financial institution serving a specific geographic area or community. They are locally owned and operated, and provide services tailored to the local community’s needs, like personal and business banking, loans, mortgages and investment services. Community banks offer several advantages compared to larger national or international banks. Here are a few reasons why some individuals may consider community banks to be better.
Commercial Bank of California Reports Continued Growth and Solid Liquidity and Revenue in First Quarter of 2023
Highlights Include: IRVINE, CALIF. (May 25, 2023) – Commercial Bank of California (“CBC” or “Bank”), a BauerFinancial Four-Star Excellent Bank, today reported net income of $2.9 million for the first quarter of 2023, a decline from the $3.5 million earned in the first quarter of 2022. Reflecting the increase in earning assets compared to the […]
Highlights Include: IRVINE, CALIF. (March 29, 2023) – Commercial Bank of California (“CBC” or “Bank”) today reported net income of $17.9 million for the full year 2022, compared to the $16.0 million earned in 2021. The full-year results for 2022 represented a return on average assets (“ROA”) of 0.9% and a return on average equity […]
March 15, 2023
Ash Patel, Chairman, President & CEO of CBC explains what happened with these two banks and their closures, and how CBC is positioned differently for strength and longevity as a private bank.
March 10, 2023
Market volatility is a natural part of our economic cycle and we know that the news from Silicon Valley Bank today may have many people nervous. We want to ensure you that as a privately held bank with no ties to Silicon Valley Bank, CBC has endured many financial crises in our 20 year history […]