IE Business Daily Business news for the Inland Empire.
Ontario-based Citizens Business Bank has been named “The Best Bank in America” by Forbes magazine.
Forbes used ten metrics involving asset quality, capital adequacy and growth and profitability in establishing the top 100 publicly traded banks in the United States for 2016, according to a statement released Tuesday.
Citizens Business Bank currently has approximately $8 billion in assets and experienced nine percent growth during the past year, according to Forbes.
“We are thrilled to be recognized as the top bank in America by Forbes,” Christopher D. Myers, president and chief executive officer of Citizens Business Bank, said in a statement. “Our team has worked hard to execute the long-term strategy of our bank, which is to build and maintain relationships with the best small to medium-sized businesses in our geographic marketplace.”
Citizens Business Bank is the ninth-largest bank headquartered in California. It serves the Inland Empire and the rest of Southern California.
