CCBN Central Coast Bancorp (MM)

Community Bank of Central California Receives Outstanding Rating From the FDIC SALINAS, Calif., April 15 /PRNewswire-FirstCall/ -- Community Bank of Central California, a wholly owned subsidiary of Central Coast Bancorp , has received an "Outstanding" rating in its recent Community Reinvestment Act (CRA) Performance Evaluation conducted by the Federal Deposit Insurance Corporation. The rating was based on the Bank's responsiveness to its community's needs as demonstrated by the volume of small business lending, investments in community development, loans to low and moderate income neighborhoods, and high level of service and accessibility. This latest review represents the 7th consecutive "Outstanding" rating given over a fourteen-year period to Community Bank by the FDIC. Most notable among the findings were the community development services provided by the Bank. Working with non-profit organizations, the Bank assisted qualified low and moderate-income home buyers to obtain affordable housing grants. The Bank also works closely with agencies that guarantee loans to small businesses and farms for the purpose of creating employment and supporting economic development. Community Bank is a Preferred SBA Lender. "This only serves to emphasize what the Bank is all about," says Sandra Hunter, CRA Officer for Community Bank, "we are your local bank, committed to serving our community." A complete report on the FDIC's Community Reinvestment Act Performance Evaluation is available upon request at any of the Bank's locations. DATASOURCE: Central Coast Bancorp CONTACT: Maria Gonzales, Marketing Assistant of Central Coast Bancorp, +1-831-757-2274, ext. 432, or Web site: http://www.community-bnk.com/

Copyright