Pasadena, Calif. –Community Bank (OTC: CYHT), founded in 1945, is a family-owned Southern California regional community bank, with assets of $3.5 billion, and headquartered in Pasadena with 17 business centers.
The Bank was recently assigned a senior unsecured debt rating and long term deposit rating of BBB+ and subordinated debt rating of BBB by Kroll Bond Rating Agency (KBRA). KBRA has also assigned short-term deposit and short-term debt ratings of K2. The outlook on all long-term ratings is stable.
The ratings reflect the company’s strong asset quality and conservative credit culture, strong core and risk-based capital levels, consistent and stable earnings and efficiency metrics and extensive executive and board banking experience coupled with emphasis on prudent risk management, according to Kroll.
“We believe receiving these ratings from KBRA is a big accomplishment for Community Bank” said David R. Misch, Chief Executive Officer. Misch continued, “The Bank has a long history of financial strength and stability which is reflected in the KBRA report.”
The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating Methodology published on February 19, 2016.