River Valley Community Bank, a locally owned and operated community bank out of Yuba City, was named one of the Top 200 Healthiest Banks in 2014 by DepositAccounts.com, a financial research group that provides health ratings for all federally insured banks and credit unions in the country.
“We are honored by this recognition and are very proud of what our bank has accomplished in some pretty challenging economic times,” President and CEO of River Valley Community Bank John Jelavich said.
More than 6,500 banks and credit unions were considered for this year’s rating, each institution being graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios. Those grades were used to create a comprehensive health formula for each bank.
“Our bank received an A-plus rating in each category,” Jelavich said. “River Valley Community Bank not only made the top 200, but came in at number 9 in this year’s ranking.”
In 2013, DepositAccounts.com’s health formula correctly predicted 100 percent of the bank failures as being in their bottom 2.5 percent rating of all banks prior to their failures.
Recently celebrating their seventh anniversary, River Valley Community Bank has reported 26 consecutive quarters of profitability, and enjoy the highest ratings among all local competitors by the major bank rating agencies.
To contact Staff Writer Ivan Natividad, email email@example.com or call 530-477-4236.
“We are honored by this recognition and are very proud of what our bank has accomplished in some pretty challenging economic times.”
President and CEO of River Valley Community Bank