Written by The Business Journal Staff
Valley Business Bank in Visalia was recently recognized by American Banker Magazine on its annual list of the Top 200 Community Banks.
The bank is ranked at 116 in the nation for financial performance in a three-year period. The bank was first recognized in 2014 with a ranking of 194 and has improved its position each year after.
Valley Commerce Bancorp, the parent company of Valley Business Bank, recently reported its best-ever first quarter performance, with income of $1.1 million, or 38 cents per diluted common share. Those earnings were up 38 percent from the same quarter of 2015.
“We are pleased to receive this recognition and it is gratifying to see a steady increase in our ranking,” said Allan Stone, president and CEO of Valley Business Bank. “This designation reflects the hard work and dedication of the entire Valley Business Bank team. Our strong financial performance goes hand in hand with providing our customers with the highest quality banking products and excellent customer service.”
Valley Business Bank recently celebrated its 20th year of business. It operates four branches in Visalia, Fresno, Tulare and Woodlake.