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| Press Information | |
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| David Haden
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| Executive Director
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| Community Bankers of California
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| 24050 Madison Street, Suite 100J,
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| Torrance, CA 90505
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| Telephone: (310) 375-6302
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| dhaden@cboca.org
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|  | Community Bankers of California represent over 100 banks with assets totaling more than $26 billion.
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| | Nationwide, more than 8,000 community banks form a stable underpinning for the U.S. economy.
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| | These banks provide jobs to more than 15,000 local citizens.
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| | Many have been providing outstanding service much longer than major banks. Many of our member banks have distinguished records of community service dating back to the early 1900's.
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| | Their combined loan and lease portfolios include more than $20 billion...and it is all invested in the future progress of California communities.
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| | CBC Banks don't dabble in world money markets, or speculate on high-risk bonds. Community banks fill portfolios with lower-risk municipal and state bonds or U.S. Treasury obligations.
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| | Most CBC banks are more heavily capitalized than the large banks.
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| Community Bankers of California (CBC) is a nonprofit, voluntary association of California community banks and companies that serve the sector. Our mission is to advance community banking in California, providing a forum for the state's community bankers through peer involvement and information exchange.
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| They don't dabble in world money markets, or speculate on high-risk bonds. Community banks fill portfolios with lower-risk municipal and state bonds or U.S. Treasury obligations. Most CBC banks are more heavily capitalized than the large banks. We believe our competitive rates, backed by sound management and conservative investment policies, all work for you and your financial security.
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| Community banks may be old-fashioned in their insistence to adhere to sound banking practices, but they are very modern in providing competitive banking conveniences, services, and efficient management. In fact, many have been providing outstanding service much longer than major banks. Many of our member banks have distinguished records of community service dating back to the early 1900's.
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| A Community bank functions as part of a classic economic system, where dollars that are channeled through the local bank end up going back into the community. this generates community prosperity, which funnels dollars back through the bank to continue the cycle.
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| Community banks are the grass roots of the banking industry. They are local economic partners in community growth and progress. In the aggregate, they form a bedrock of support for California's economic vitality. Nationwide, more than 8,000 community banks form a stable underpinning for the U.S. economy.
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| Community bankers are good citizens, deeply involved in local causes, volunteer efforts, and non-profit organizations. they are active in local governments, and are strong supporters of local projects, charities and community activities.
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