Community Bank Reports 2017 First Quarter Earnings of $7.8 Million and Declares Cash Dividend on Common Stock

PASADENA, Calif.–Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.6 billion, and headquartered in Pasadena with 16 business centers.   Financial highlights: Net income for the first quarter of 2017 increased $39 thousand or 0.5%, over the prior year. In a strategic move to add high quality… Continue Reading Community Bank Reports 2017 First Quarter Earnings of $7.8 Million and Declares Cash Dividend on Common Stock

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Community Bank Reports Revision To Earnings for the 4th Quarter and Year ended December 31, 2016

PASADENA, California, – Community Bank (CYHT, OTC) founded in 1945, is an independent Southern California regional community bank with assets of $3.6 billion, 17 business centers and its headquarters in Pasadena. Community Bank today announced revised earnings for the fourth quarter and year ended December 31, 2016.   Subsequent to the publication of our press release… Continue Reading Community Bank Reports Revision To Earnings for the 4th Quarter and Year ended December 31, 2016

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Community Bank Reports 2016 Earnings of $28.6 Million and Declares Ninth Consecutive Cash Dividend on Common Stock

PASADENA, Calif.–Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.6 billion, and headquartered in Pasadena with 17 business centers. Financial highlights: Net income for 2016 increased $.8 million or 3.0%, over the prior year. Net interest income increased during 2016 to $115.0 million from $111.3 million in… Continue Reading Community Bank Reports 2016 Earnings of $28.6 Million and Declares Ninth Consecutive Cash Dividend on Common Stock

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Community Bank invests $700,000 in Clearinghouse CDFI to benefit distressed communities throughout California.

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 recently added a $700,000 equity investment in Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) Class A stock. This is Community Bank’s second investment in… Continue Reading Community Bank invests $700,000 in Clearinghouse CDFI to benefit distressed communities throughout California.

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Community Bank receives Senior Unsecured Debt Rating of BBB+ from Kroll Bond Rating Agency

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… Continue Reading Community Bank receives Senior Unsecured Debt Rating of BBB+ from Kroll Bond Rating Agency

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Community Bank Announces Second CH Cook & Co. Location to Serve the San Gabriel Valley

Pasadena, Calif. – Community Bank has recently opened a second office of its division CH Cook & Co. to provide banking services in the San Gabriel Valley. The first location opened in 2014 and focuses on the West Los Angeles market.  Due to the success of CH Cook & Co., Community Bank has decided to… Continue Reading Community Bank Announces Second CH Cook & Co. Location to Serve the San Gabriel Valley

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Community Bank Reports Year to Date Earnings of $22.6 Million and Declares Cash Dividend on Common Stock

PASADENA, Calif.–Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.5 billion, and headquartered in Pasadena with 17 business centers. Financial highlights for the third quarter: Net income for the first nine months of 2016 increased $3.5 million or 18%, over the prior year. The 2015 results reflect… Continue Reading Community Bank Reports Year to Date Earnings of $22.6 Million and Declares Cash Dividend on Common Stock

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Key Hire: Alinne Majarian, FVP, Chief Escrow and Specialty Deposits Sales

Pasadena, Calif. – Community Bank announced that it recently hired Alinne Majarian to join the Specialty Deposits Group as First Vice President. Alinne brings an expertise in Escrow Sales and will focus on bringing new escrow customers to the Bank. Her past experience includes BNY Mellon Wealth Management, Citibank and Bank of America. “We are… Continue Reading Key Hire: Alinne Majarian, FVP, Chief Escrow and Specialty Deposits Sales

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Community Bank Supports Burbank Police Department’s National Night Out

Burbank, Calif. – National Night Out is a nationwide event promoting a partnership between communities and their police force. The Burbank Police Department has been participating in this event for the last twenty years. Community Bank was a sponsor for the 2016 event which was located on the Chandler Bike Path. The event was a… Continue Reading Community Bank Supports Burbank Police Department’s National Night Out

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Community Bank Reports Year to Date Earnings of $15.9 Million and Declares Cash Dividend on Common Stock

PASADENA, Calif.–Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.6 billion, and headquartered in Pasadena with 17 business centers. Highlights of the second quarter are as follows: Net interest income for the second quarter of 2016 increased 3.4% over the prior year and 5.7% for the first… Continue Reading Community Bank Reports Year to Date Earnings of $15.9 Million and Declares Cash Dividend on Common Stock

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Community Bank Announces Key Hire: J. Duncan Smith, EVP, Chief Financial Officer

Pasadena, Calif. – Over the past few years, Community Bank has made several changes to its Executive Team designed to position the Bank for successful, prudent growth over the upcoming years. To that end, Community Bank has hired J. Duncan Smith, CPA as Chief Financial Officer and Executive Vice President.  Duncan adds significant experience to… Continue Reading Community Bank Announces Key Hire: J. Duncan Smith, EVP, Chief Financial Officer

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Community Bank: Announces 3rd Annual Cook Brothers Scholarship Recipients

Pasadena, Calif. – Community Bank recently awarded 28 scholarships to the children and grandchildren of Bank employees. This is the third consecutive year since the program was reinstated. The number of recipients has steadily increased from seven in the first year and 22 in the second year to the 28 recipients in 2016. “As Charlie… Continue Reading Community Bank: Announces 3rd Annual Cook Brothers Scholarship Recipients

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Small Business Administration (SBA) Department Rated Top Five Lender in Orange County

Community Bank has been rated a top five SBA lender in Orange County by the Orange County Business Journal. This ranking was published in the Top SBA Lender edition published on May 2, 2016. This is the second recent accomplishment for the Bank’s SBA team. The Bank was recently rated a top ten SBA 7(a)… Continue Reading Small Business Administration (SBA) Department Rated Top Five Lender in Orange County

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Community Bank Reports 7.9% Increase in 2016 First Quarter Earnings to $7.7 Million and Declares Cash Dividend on Common Stock

PASADENA, Calif.–Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.7 billion and is headquartered in Pasadena with 17 business centers. Highlights of the first quarter are as follows: The Bank reported a 7.9% increase in net income to $7.7 million for the first quarter of 2016 compared to… Continue Reading Community Bank Reports 7.9% Increase in 2016 First Quarter Earnings to $7.7 Million and Declares Cash Dividend on Common Stock

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Community Bank Appoints Lyle R. Knight to the Board of Directors

Pasadena, Calif. – The Community Bank Board of Directors has appointed Lyle R. Knight as a Board Member effective immediately. Mr. Knight has held executive positions at various financial institutions such as Caliber Bank (an affiliate of Bank of America), Norwest Bank (merged with Wells Fargo), Pacific Century Bank of Arizona and Security Pacific Bank… Continue Reading Community Bank Appoints Lyle R. Knight to the Board of Directors

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Community Bank Announces Key Promotion: Alan Buckle Named President and Chief Banking Officer

Pasadena, Calif. – Community Bank, an independent community bank that has served Southern California for over 70 years has promoted Alan Buckle to President and Chief Banking Officer effective April 1, 2016. With this promotion, Buckle will consolidate all sales functions within the Bank to enhance coordination between the groups. In addition to his current… Continue Reading Community Bank Announces Key Promotion: Alan Buckle Named President and Chief Banking Officer

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Community Bank Announces Key Hire: Jory Potts, Vice President, Relationship Manager

Pasadena, Calif. –Community Bank, an independent business bank that has served California for over 70-years has hired Jory Potts to target the labor management market. Jory has over 30 years of experience in banking and has been working with unions and labor management groups throughout her career. Her background includes designing and implementing banking products… Continue Reading Community Bank Announces Key Hire: Jory Potts, Vice President, Relationship Manager

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Community Bank Appoints Matthew Denmark to the Board of Directors

Pasadena, Calif. – The Community Bank Board of Directors has appointed Matthew Denmark as a Board Member effective immediately. Mr. Denmark is a licensed stockbroker and registered investment advisor. His experience includes investment selection, behavioral finance and financial organization. In addition to his financial services experience, he is a proven leader and team player who… Continue Reading Community Bank Appoints Matthew Denmark to the Board of Directors

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Community Bank Appoints Robert J. Kushner to the Board of Directors

Pasadena, Calif. – The Community Bank Board of Directors has appointed Robert J. Kushner as a Board Member effective immediately. Mr. Kushner has extensive experience in banking and corporate accounting and is a founding partner of Kushner, Smith, Joanou and Gregson, LLP (KSJG, LLP) which was established in 1979. His role at KSJG, LLP has… Continue Reading Community Bank Appoints Robert J. Kushner to the Board of Directors

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Community Bank Reports Record Earnings of $27.8 Million in 2015 and Capital in Excess of $300 Million And Declares Cash Dividend on Common Stock

PASADENA, Calif.–Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.6 billion and is headquartered in Pasadena with 16 business centers. David R. Misch, Chief Executive Officer commented, “We are very pleased with Bank’s 2015 full year performance and its trajectory for future years. It is a testament… Continue Reading Community Bank Reports Record Earnings of $27.8 Million in 2015 and Capital in Excess of $300 Million And Declares Cash Dividend on Common Stock

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Community Bank Donates 300 Meals to Veterans in Honor of $300 million in Shareholders’ Equity

PASADENA, Calif.— In July of 2015 Community Bank reached $300 million in Shareholders’ Equity for the first time in the history of the Bank. To celebrate this achievement the Bank will be donating 300 meals to homeless veterans through the Vet Hunters Project. Another way the Bank honors those who have served is with the… Continue Reading Community Bank Donates 300 Meals to Veterans in Honor of $300 million in Shareholders’ Equity

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Cook Brothers Scholarship 2015 Recipients Announced

PASADENA, Calif.— Charlie and Howard Cook, the founders of Community Bank, believed in the importance of education and provided a scholarship fund for the children and grandchildren of their employees. In 2014 the Cook family and Community Bank brought back the scholarship fund and awarded seven scholarships. The Bank and the Cook family are pleased… Continue Reading Cook Brothers Scholarship 2015 Recipients Announced

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Community Bank Reports Year-to-Date Earnings of $19.1 Million and Declares Cash Dividend on Common Stock

PASADENA, Calif.–Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.4 billion and is headquartered in Pasadena with 16 business centers. Highlights of the third quarter are as follows: The third quarter of 2015 reflects net income of $7.8 million, compared to $5.9 million for the similar period… Continue Reading Community Bank Reports Year-to-Date Earnings of $19.1 Million and Declares Cash Dividend on Common Stock

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Announcing Marshall V. Laitsch Appointed Chairman of the Board

Pasadena, Calif. – The Community Bank Board of Directors has appointed Marshall V. Laitsch as Chairman of the Board effective immediately. He has served on the Bank’s board since 2014. Mr. Laitsch has extensive experience in corporate leadership including multiple board appointments over the past 16 years. He has served on the board of financial… Continue Reading Announcing Marshall V. Laitsch Appointed Chairman of the Board

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Announcing Paul F. Rodeno, EVP, Chief Credit and Risk Officer

Pasadena, Calif. – Community Bank, an independent community bank that has served Southern California for 70 years has hired Paul F. Rodeno to oversee its Credit and Risk departments. He has over 25 years of senior management experience in commercial, SBA, retail and private banking. Rodeno has an extensive credit background including senior management positions… Continue Reading Announcing Paul F. Rodeno, EVP, Chief Credit and Risk Officer

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Community Bank Reports Earnings as of June 30 and Declares Cash Dividend on Common Stock

PASADENA, Calif.–Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.4 billion and is headquartered in Pasadena with 16 business centers. Highlights of the second quarter are as follows: The second quarter of 2015 reflects a $3.8 million reduction in net income in relation to a balance sheet… Continue Reading Community Bank Reports Earnings as of June 30 and Declares Cash Dividend on Common Stock

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Community Bank Donates to the Society of St. Vincent De Paul

Pasadena, Calif. – Community Bank recently partnered with the Society of St. Vincent de Paul to help the homeless on Skid Row in Los Angeles by assembling hygiene kits that the Society will then distribute. Employees from all 16 of the Bank’s Business Centers collected items including deodorant, tooth paste, tooth brushes, combs, mouthwash, razors… Continue Reading Community Bank Donates to the Society of St. Vincent De Paul

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Community Bank Announces Restructuring Opportunity

PASADENA, Calif.–Community Bank, founded in 1945, is an independent Southern California regional community bank, with assets of $3.6 billion and headquartered in Pasadena with 17 business centers. The Bank announced today the completion of a balance sheet re-structuring that began over a year ago. “The low rate environment has allowed us to lock in fixed… Continue Reading Community Bank Announces Restructuring Opportunity

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Record Earnings For 2014 of $25.8 Million

PASADENA, Calif.–Community Bank, an independent community bank with 17 offices serving businesses and consumers in southern California, reported record net income of $25.8 million for the year ended December 31, 2014, the largest reported net income in the Company’s sixty-nine year history. “This is a watershed mark for Community Bank,” said David R. Misch, the… Continue Reading Record Earnings For 2014 of $25.8 Million

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Community Bank Declares Common Stock Dividend

PASADENA, Calif.–Community Bank, an independent business bank with 17 business centers in Los Angeles, San Bernardino, Riverside, Ventura and Orange Counties, announced today a $0.45 per share cash dividend (aggregating approximately $1,400,000.00) on its outstanding common stock. The dividend was approved at the regularly scheduled Board of Directors meeting held on January 29, 2015.  It will… Continue Reading Community Bank Declares Common Stock Dividend

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Cook Brothers Scholarship Program Re-launched

PASADENA, Calif.— In 1945 Charlie and Howard Cook were successful manufacturers of concrete mixers for the construction trade. During that time, it became difficult for their customers to obtain equipment financing. Charlie and Howard were committed to finding a way to help their customers purchase the equipment they needed. Ever resourceful, the brothers opened a… Continue Reading Cook Brothers Scholarship Program Re-launched

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CH Cook & Co., a division of Community Bank, opens in west Los Angeles

PASADENA, Calif. – Community Bank is pleased to announce the launch of CH Cook & Co. Private Client Advisors. The new office opened its doors on Monday, August 11, 2014 and is located at 1900 Avenue of the Stars, Suite 1820, Los Angeles, CA 90067. This new division focuses on the private banking community in… Continue Reading CH Cook & Co., a division of Community Bank, opens in west Los Angeles

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Announcing Jeff Boyer, SVP and Regional Manager

Pasadena, Calif. – Community Bank, an independent community bank that has served Southern California for nearly 70 years has hired Jeff Boyer as Senior Vice President and Regional Manager. Boyer joined Community Bank to oversee Business Banking Centers in Burbank, Santa Clarita, Warner Center, Glendale, Pasadena and Ventura. He brings over 20 years of experience… Continue Reading Announcing Jeff Boyer, SVP and Regional Manager

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Alan Buckle Named EVP and Head of Business Banking

Pasadena, Calif. – Community Bank, an independent community bank that has served Southern California for nearly 70 years has promoted Alan Buckle to Executive Vice President and Head of Business Banking. With this promotion, Buckle will become a member of the Bank’s Executive Management Group. Buckle joined Community Bank in 2009 as First Vice President… Continue Reading Alan Buckle Named EVP and Head of Business Banking

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Community Bank Announces the Appointment of David R. Misch as CEO

PASADENA, Calif. – The Board of Directors of Community Bank announced today that David R. Misch has been appointed as the Bank’s Chief Executive Officer (CEO). Community Bank is an independent business bank with 17 business centers located throughout Los Angeles, San Bernardino, Riverside, Ventura and Orange counties. Mr. Misch brings more than 30 years… Continue Reading Community Bank Announces the Appointment of David R. Misch as CEO

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2012 RECORD PERFORMANCE In Earnings to $25.6 Million

PASADENA,Calif.–Community Bank, an independent business bank with 17 business centers in Los Angeles, San Bernardino, Riverside, Ventura and Orange Counties, today reported a 2.4% increase in net income to $6.9 million for the fourth quarter of 2012 compared to $6.7 million for the similar quarter in 2011.  For the year ended December 31, 2012, the… Continue Reading 2012 RECORD PERFORMANCE In Earnings to $25.6 Million

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