SACRAMENTO, Calif. and VISALIA, Calif.–(PRNewswire)–Suncrest Bank (OTCQX: SBKK) today announced it has been named as one of S&P’s Global Market Intelligence Top 100 Best-Performing Community Banks for 2018 with assets less than $3 billion. Suncrest ranked 30th overall and 6th in the State of California. To compile the rankings S&P considers a set of performance criteria including; return on average tangible assets before tax, net charge-offs as a percentage of average loans, adjusted Texas ratio, efficiency ratio, net interest margin and loan growth.
“Our goal is to be The Best Community Bank in California,” said Ciaran McMullan, President and CEO of Suncrest Bank. “We want to achieve that in three ways; by being the best to work for in terms of employee engagement and our organizational culture, the best to work with in terms of how well we support our customers and our communities, and the best to invest in, in terms of financial performance and shareholder value.”
McMullan added, “Being named to this list is an important milestone on the path to achieving our ‘Best to Invest In’ goal.”