SAN DIEGO TRUST BANK RATED “5-STAR” BY BAUERFINANCIAL, INC.
SAN DIEGO – BauerFinancial,Inc., one of the nation’s most well-known and respected bank rating firms has designated San Diego Trust Bank as a “Five-Star” institution, it’s highest ranking available for its 2008 performance. The Bank was the only publicly traded, independent community bank in all of San Diego County to receive such rating based on financial data as of 12/31/08. San Diego Trust Bank has been awarded a “Five-Star” rating by BauerFinancial for the past thirteen consecutive quarters.
BauerFinancial has been evaluating and reporting on the performance of banks and credit unions nationwide since 1983. Financial data used in determining the ratings is derived from call report data as reported to federal regulators. Among the criteria BauerFinancial uses to determine a particular bank’s rating is capital strength, liquidity, profitability / loss trends, evaluating the level of delinquent loans, market value versus book value of the investment portfolio, regulatory supervisory agreements, and community reinvestment act (CRA) ratings. Such data is analyzed quarterly and compared with historical data for consistency.
“We are obviously very honored to be recognized in such a manner by BauerFinancial, especially in light of the much publicized challenges facing our industry these days,” commented Michael Perry, Chairman, President and CEO. “Our disciplined approach since day one and our ability to adapt to ever changing market conditions has enabled our Bank to succeed despite the unprecedented financial crisis gripping our economy,” Perry added.
San Diego Trust Bank was one of the only community banks in the county to report a profit for 2008 according to the FDIC. The Company chose not to apply for any Federal bailout funds and its capital ratios are amongst the highest in the nation.
Founded by several of San Diego’s most respected banking veterans and business leaders, San Diego Trust Bank is dedicated to the timeless principles of superior local market knowledge, unparalleled service, and building exceptional shareholder value. With over four hundred years of experience in banking San Diegans, timely local decision making, and one of the most comprehensive product lines found in the market today, San Diego Trust Bank delivers “Performance You Can Trust.”
San Diego Trust Bank common stock is traded on the Over-the-Counter Bulletin Board (OTCBB) under the symbol “SDBK”. For information on acquiring the company’s stock please contact Mr. Richard Levenson, President of Western Financial Corporation at (619) 544-0260.
For more information on the Bank please visit www.sandiegotrust.com or call (619) 525-1700.
For information on bank ratings, please visit www.bauerfinancial.com
CONTACT: Michael Perry
FORWARD LOOKING STATEMENTS
Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained herein to reflect future events or developments.