Temecula Valley Bancorp Inc. (NASDAQ:TMCV), the parent of Temecula Valley Bank has been recognized as the number one performing publicly traded bank in the United States for all banks with assets from $1-10 billion by the US Banker magazine (September issue).
This award is based on a three-year average return on equity of 30.4% as of June 2006. Last July the bank received a similar award for their return on equity as the number one performing publicly traded bank with assets of less than $1 billion.
"It is quite a unique honor to maintain our national number one position for our return on equity as we moved up in our asset classification. We are very pleased that our strong performance has been recognized once again by US Banker magazine," said Stephen H. Wacknitz, President/CEO/Chairman of the Board. "Our strong performance is directly attributable to our talented and experienced staff, our solid customer relationships, and our constant strategy of pursuing quality commercial, construction and SBA lending," added Wacknitz.
Temecula Valley Bank was established in 1996 and operates full service offices in Temecula, Murrieta, Corona, Fallbrook, Escondido, Rancho Bernardo, El Cajon, Carlsbad and Solana Beach. The Bank also operates a number of regional real estate loan production centers in California.
As a nationally authorized SBA Preferred Lender, the locally owned and operated Bank has multiple SBA loan production offices across the United States and has funded over a billion dollars in SBA loans in 33 states in the last five years. Visit their website, www.temvalbank.com, for more information.
Additional information on factors that could affect financial results are included in Temecula Valley Bancorp's Securities and Exchange Commission filings which can be accessed at www.sec.gov.
This award is based on a three-year average return on equity of 30.4% as of June 2006. Last July the bank received a similar award for their return on equity as the number one performing publicly traded bank with assets of less than $1 billion.
"It is quite a unique honor to maintain our national number one position for our return on equity as we moved up in our asset classification. We are very pleased that our strong performance has been recognized once again by US Banker magazine," said Stephen H. Wacknitz, President/CEO/Chairman of the Board. "Our strong performance is directly attributable to our talented and experienced staff, our solid customer relationships, and our constant strategy of pursuing quality commercial, construction and SBA lending," added Wacknitz.
Temecula Valley Bank was established in 1996 and operates full service offices in Temecula, Murrieta, Corona, Fallbrook, Escondido, Rancho Bernardo, El Cajon, Carlsbad and Solana Beach. The Bank also operates a number of regional real estate loan production centers in California.
As a nationally authorized SBA Preferred Lender, the locally owned and operated Bank has multiple SBA loan production offices across the United States and has funded over a billion dollars in SBA loans in 33 states in the last five years. Visit their website, www.temvalbank.com, for more information.
Additional information on factors that could affect financial results are included in Temecula Valley Bancorp's Securities and Exchange Commission filings which can be accessed at www.sec.gov.