Malaga Financial Corporation Ranked #1 Community Bank in California
PALOS VERDES ESTATES, Calif.--(BUSINESS WIRE)-- Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank, FSB, today announced their listing among the top 200 Community Banks in the United States as published in the May 2013 issue of American Banker magazine. The rankings were based on average return on equity for the 3 year period ending December 31, 2012. Malaga was the top ranked institution located in California and was ranked #9 among the top 200 in the nation.
Randy C. Bowers, President and CEO, remarked, "We are pleased to once again receive recognition as one of the top performing financial institutions in the nation. On numerous occasions over the last several years we have been recognized for both our financial performance and the safety of our institution. These acknowledgements are a result of the continued hard work of colleagues and the support of our shareholders. We thank all of those involved for their contributions to our success."
Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles. Since 1985 Malaga Bank has been delivering competitive banking services to residents and businesses of the South Bay, including real estate loan products custom-tailored to consumers and investors. As the largest community bank in the South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service. The Bank's website is located at www.malagabank.com.
Malaga Financial Corporation
President and Chief Executive Officer
KEYWORDS: United States North America California
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