The community bank also ranked 15th in the United States among peers with assets between $250 million and $499 million nationally.
SAN DIEGO, September 02, 2022–(BUSINESS WIRE)–Endeavor Bank (“Bank”) (OTC Pink: EDVR) is ranked first in California and fifteenth in the nation by CB Resource, an independent firm that provides advisory, risk management and planning solutions to banks nationwide.
The Bank has been recognized in CB Resource’s CB Top Ten™ report for the second quarter of 2022. These rankings put Endeavor Bank ahead among its peer class of C-Corp banks with assets between $250 million and $499 million. .
“Endeavor Bank is extremely grateful to be ranked #1 in California after a successful year of growth in 2021 and throughout this year,” said Endeavor CEO Dan Yates. “It is through the continued support of our employees, shareholders, customers and community that we are able to provide local business owners with personalized advisory service that supports their unique business goals and models.”
The CB Top Ten is a community bank performance dashboard that identifies banks in the top decile within each subset of peers, which are determined by asset size and company type. Performance ratings and rankings are determined by a comprehensive assessment of key bank performance indicators including Asset Growth, ROAA, ROAE, Net Interest Margin, Efficiency Ratio, Non-Performing Assets , non-interest bearing deposits and non-interest income.
“We are proud to be recognized as one of the top performing banks by CB Resource,” said Endeavor Bank Chairman Steve Sefton. “To be ranked so highly among our peers statewide and nationally so early in our training is a testament to our unique ownership structure and deep involvement in our community.”
About Endeavor Bank
Endeavor Bank is primarily owned and operated by San Diegans for San Diego businesses and their owners. The bank’s focus is local: local decision-making, local board of directors, local founders, local owners, and local customer relationships in the San Diego metro market and surrounding areas.
Based in downtown San Diego in the iconic Symphony Towers building, the Bank also operates a loan origination and executive administration office in Carlsbad and La Mesa. Endeavor Bank provides traditional business banking services across a wide range of industries and specialties. Unique to the bank is its consultative banking approach which pairs our commercial clients with Endeavor Bank’s senior management. Together, we develop strategies and provide resources that solve problems, plan for the future, and help customers grow revenue and profits.
Visit www.bankendeavour.com for more information.
With many of our shareholders transferring their EDVR shares to their brokerage firms, as well as ongoing transactions, the Bank may not have the most recent shareholder contact information. If you are an EDVR shareholder and would like to receive information via a faster method, please complete the Shareholder Communication Preference Form on our website: https://www.bankendeavor.com/investor-relations so that we can keep you up to date with EDVR news and invite you to various shareholder networking events throughout the year.
This press release contains “forward-looking statements”, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the current beliefs of the directors and officers of the Bank (collectively, “Management”) . , as well as the assumptions used and the information currently available to the Bank’s Management. All statements regarding the Bank’s business strategy and the Bank’s management’s plans and objectives for future operations are forward-looking statements. When used in this press release, the words “anticipate”, “believe”, “estimate”, “expect” and “intend” and words or expressions of similar meaning, with respect to relates to the Bank or the Bank’s management, are intended to identify forward-looking statements. Although the Bank believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee that these expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Bank’s expectations (“Cautions”) are the effects of the COVID-19 pandemic and related government measures on the Bank and its customers, losses on loans, changes in interest rates, loss of key personnel, lower loan limits and capital than competitors, regulatory restrictions and Bank oversight, safe and efficient implementation of the technology, risks related to the local and national economy, the Bank’s implementation of its business plans and the management of growth, loan performance, interest rates and regulatory matters, the effects trade, monetary and fiscal policies, inflation and changes in accounting policies and practices. As conditions change, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those described as anticipated, believed, estimated, expected or planned. The Bank does not intend to update these forward-looking statements.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220902005336/en/
Endeavor bank details:
Dan Yates, CEO
Steve Sefton, President