Temecula Valley Bncr : Temecula Valley Bancorp, Inc. is Recognized as ``The Top'' Performing Community Bank in the United States
July 06, 2006 at 03:20 pm
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Temecula Valley Bancorp Inc. (NASDAQ:TMCV), the parent
of Temecula Valley Bank, is recognized in the July 2006 issue of the
US Banker magazine as the number one top performing bank compared to
all publicly traded community banks in the United States with assets
of less than $1 billion based on a three-year average return on equity
of 29.39 percent. According to US Banker, "the top five banks had
three-year average ROEs ranging from 29.39% to 22.86% -- outstanding
by any measure."
"Our strong performance is directly attributable to our talented
and experienced staff, our solid customer relationships, and our
constant strategy of pursuing quality commercial, construction and SBA
lending which provides some of the highest yields in the industry,"
said Stephen H. Wacknitz, President/CEO/Chairman of the Board. "We are
very pleased that our strong performance has been recognized in the US
Banker magazine top 200 list," added Mr. Wacknitz.
Temecula Valley Bank was established in 1996 and operates full
service offices in Temecula, Murrieta, Corona, Fallbrook, Escondido,
Rancho Bernardo, Carlsbad and El Cajon. Temecula Valley Bancorp was
established in June 2002 and operates as a bank holding company for
the Bank. As a Preferred Lender (PLP) since 1998, the locally owned
and operated bank also has multiple SBA loan production offices across
the United States. The Bank's website is at www.temvalbank.com.
Statements concerning future performance, developments or events
concerning expectations for growth and market forecasts, and any other
guidance on future periods, constitute forward-looking statements that
are subject to a number of risks and uncertainties. Actual results may
differ materially from stated expectations. Specific factors include,
but are not limited to, the effect of interest rate changes, the
ability to control costs and expenses, the impact of consolidation in
the banking industry, financial policies of the United States
government, and general economic conditions. Additional information on
these and other factors that could affect financial results are
included in Temecula Valley Bancorp's Securities and Exchange
Commission filings which can be accessed at www.sec.gov.
Temecula Valley Bancorp Inc. serves as the holding company for Temecula Valley Bank (the Bank). The Companyâs activities consist of owning the outstanding common stock of the Bank, Temecula Valley Statutory Trust II, Temecula Valley Statutory Trust III, Temecula Valley Statutory Trust IV, Temecula Valley Statutory Trust V and Temecula Valley Statutory Trust VI. The Bank has 11 full-service banking offices in California providing services to customers in the Riverside, San Bernardino and San Diego Counties. Its principal office is located in Temecula, California with other California full-service offices in Carlsbad, Corona, El Cajon, Escondido, Fallbrook, Murrieta, Ontario, Solana Beach, San Marcos, and in the Rancho Bernardo area of San Diego. The Bank also operates loan production offices, which principally generate construction and/or real estate secured loans in Ontario and Temecula, California.