California Republic Bank Ranked Third Best in Nation by SNL Financial
IRVINE, Calif.--(BUSINESS WIRE)-- SNL Financial, a leading national provider of financial data and expert analysis for the banking and insurance industry, recently named California Republic Bank, wholly owned subsidiary of California Republic Bancorp, (OTCBB: CRPB), the third best performing bank in the nation for banks between $500 million and $5 billion in assets. SNL used six core financial performance metrics that focus on profitability, asset quality and growth for the 12 month period ended December 31, 2012 in determining this prestigious position for the Irvine, California based bank.
California Republic Bank CEO, Jon Wilcox stated, "We are honored that SNL recognized us as one of the best banks in the industry. It is very gratifying when an industry leader, such as SNL acknowledges our bank's performance, and further validates our overall safety and soundness."
President, John DeCero added, "We are pleased to join the company of so many other well respected banks on SNL's annual list. We continually strive to be the best bank for our customers, shareholders and employees."
For the original SNL article visit: http://www.prweb.com/releases/prweb2013/3/prweb10548638.htm
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by the act. These forward-looking statements refer to California Republic's current expectations regarding future operating results, and growth in loans, deposits, and assets. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results, performance or achievements to differ materially from those expressed, suggested or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to (1) the impact of changes in interest rates, a decline in economic conditions and increased competition by financial service providers on California Republic's results of operations; (2) California Republic's ability to continue its internal growth rate; (3) California Republic's ability to build net interest spread; (4) the quality of California Republic's earning assets; (5) changes in the level of non-performing assets and charge-offs; (6) the effect of changes in laws and regulations with which California Republic must comply; (7) changes in estimates of future reserve requirements based upon the periodic review thereof under relevant regulatory authorities and accounting requirements; (8) acts of war or terrorism or natural disasters; (9) the timely development of new banking products and services; (10) the success of products and services, such as the indirect auto loan business; (11) technological changes; (12) cyber-security threats, including loss of system functionality or theft or loss of data; (13) the ability to increase market share and control expenses; (14) changes in California Republic's organization, management, and compensation; and (15) California Republic's success at managing the risks involved in the foregoing items.
California Republic does not undertake, and specifically disclaims any obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law.
California Republic Bank
John DeCero, President, 949-270-9797
KEYWORDS: United States North America California
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