Cornerstone Community Bank ranked among top 100 performing community banks in 2021 by S&P Global
Cornerstone Community Bank ranked among top 100 performing communitybanks in 2021 by S&P Global
Red Bluff, CA – April 11, 2021 - Cornerstone Community Bank was recently ranked among the top-performing community banks with assets under $3 billion in the United States for 2021 by S&P Global Market Intelligence. Based on the performance in 2021, the Bank earned the ranking of 35th.
“It is an incredible honor to be recognized one of the top community banks in the nation,” said Jeff Finck, Cornerstone Community Bank’s President & CEO. “Our outstanding performance is owed to our dedicated team of talented bank professionals who have built strong and trusted relationships in the communities in which we serve. This accomplishment is a testament to our purpose of moving local dreams forward.”
With more than 4,000 banks in this community bank category across the United States (which represents approximately 75% the 5,100 or so banks
nationwide), Cornerstone was the only Northern California-based bank listed in the top 50.
About Cornerstone Community Bancorp
Cornerstone Community Bancorp, a bank holding company headquartered in Red Bluff, California, serves the Red Bluff and Redding communities through its wholly-owned subsidiary, Cornerstone Community Bank with a headquarters office in Red Bluff, two banking offices in Redding and a banking office in Anderson. The Bank provides commercial banking services to small and mid-size businesses, including professional service firms, real estate developers and investors and not-for-profit organizations and to their owners and other individuals. Additional information about the Bank is available on its website at www.bankcornerstone.com
Forward-Looking Statements This release may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact Cornerstone Community Bancorp's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “intend,” “estimate” or words of similar meaning, or future or conditional verbs such as “will,” “would,”
“should,” “could” or “may.” Factors that could cause future results to vary materially from current management expectations include, but are not limited to, natural disasters (such as wildfires and earthquakes), pandemics such as COVID-19 and the economic impact caused directly by the disease and by government responses thereto, general economic conditions, economic uncertainty in the United States and abroad, changes in interest rates, deposit flows, real estate values, costs or effects of acquisitions, competition, changes in accounting principles, policies or
CORNERSTONE COMMUNITY BANK 500 Riverside Way Red Bluff, CA 96080
Contact: Jeffrey P. Finck, President & CEO 530.222.8259 • [email protected]
S&P Global Market Intelligence launched the rankings more than a decade ago to assess the performance of
community banks and credit unions. The division ranks institutions based on returns, growth and efficiency but
places a premium on the strength and risk profile of balance sheets.
guidelines, legislation or regulation (including the Tax Cuts & Jobs Act of 2017 and the Coronavirus Aid, Relief and Economic Security Act of 2021), interruptions of utility service in our markets for sustained periods, and other economic, competitive, governmental, regulatory and technological factors (including external fraud and cybersecurity threats) affecting Cornerstone Community Bancorp's operations, pricing, products and services. Forward-looking statements speak only as of the date they are made. Except as required by law, Cornerstone Community Bancorp does not undertake to update forward-looking statements to reflect subsequent circumstances or events.