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| Super Premier Performing Bank |
Mission Oaks National Bank was named a Super Premier Performing Bank for 2003, 2004, 2005, and 2006, and Premier Performing Bank for 2007 by Findley Reports, a leading California banking industry analyst and consulting firm. Super Premier is the highest rating a bank can receive from Findley. It is based on growth, income, loan quality and return on equity among other criteria. In 2003 Mission Oaks was the youngest of six banks headquartered in Riverside County to receive the designation from Findley Reports.
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| Mission Oaks Reaffirms Role as Leading Community Bank |
Mission Oaks National Bank has joined a select group of banks in California that received top marks from regulators for meeting the credit needs of the community it serves.
The Office of Comptroller of the Currency, which regulates national banks, gave Mission Oaks an “outstanding” rating after its most recent Community Reinvestment Act exam.
Among other things, the top grade means Mission Oaks is doing an outstanding job of meeting the credit needs of the community, including low and moderate-level income customers. It also measures how well it redistributes deposits back into the community in the form of loans.
Fewer than one in five banks get this rating and Mission Oaks is one of only three banks from Inland Southern California to achieve this rating in the past 3-1/2 years.
“This ‘outstanding’ rating is further validation from yet another independent source that Mission Oaks is an outstanding community bank in all respects,” said Gary Votapka, Mission Oaks president and chief executive. “We have received a number of different accolades over the years but recognition for doing an outstanding job of helping our community is particularly sweet.”
The Community Reinvestment Act (CRA) requires federal regulators assess how well each financial institution meets the credit needs of all segments of the community. After an exam, institutions are given a rating of outstanding, satisfactory, needs to improve, or substantial noncompliance. |
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| Temecula Chamber of Commerce 2003 Gold Business Of The Year |
Mission Oaks National Bank was named 2003 Gold Business of the Year by the Temecula Valley Chamber of Commerce. Selection was based on applications submitted by nominees that were reviewed and verified by an independent panel of judges from colleges and universities in the region.
Criteria for selection included business contributions to the industry, staff involvement in the community, participation in legislative issues impacting Temecula, contributions to the economic viability of Temecula, and staff development and employee appreciation.
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| Murrieta 2003 Medium-Sized Business Of The Year |
| Mission Oaks National Bank was named best medium-sized business of the year for 2003 by the Murrieta Chamber of Commerce. Mission Oaks, which opened its doors in late 2000, was selected from a field of five nominees by a panel of judges that included Chamber members and directors, previous year’s winners and Murrieta city staff. The criteria for receiving this award includes service to the community by both the bank and its staff. |
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| Preferred ‘PLP’ Lender Status |
Mission Oaks National Bank is recognized by the U.S. Small Business Administration as a Preferred Lender throughout California, Nevada and Arizona. The Preferred Lending status, the highest lending designation granted by the SBA, allows Mission Oaks to document and originate SBA guaranteed loans, shortening the time for approval and funding.
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| Bauer Financial Five-Star Rating |
Mission Oaks National Bank received a five-star rating from Bauer Financial Inc., the bank rating service's highest award.
This sought-after designation substantiates the bank is "safe, financially sound, and is operating well above its regulatory capital requirements," with about twice the capital required by regulators. Based in Coral Gables, Florida, Bauer Financial is a nationally recognized bank rating service. |
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| 2003 CDC SBA Emerging 504 Small Business Administration Lender |
| Mission Oaks National Bank posted record earnings and was named a 2003 emerging 504 Small Business Administration lender in the San Diego region by the CDC Small Business Finance, which processes and packages small business real estate loans for the SBA. The recognition from the CDC underscored the bank's commitment to its customers, the community and its shareholders and is the latest in a series of small business lending achievements for Mission Oaks. The U.S. Small Business Administration during the year expanded Mission Oaks Preferred Lending status to include Los Angeles and Arizona. The bank already was a Preferred SBA Lender for Riverside, San Bernardino and Orange counties. The sought-after designation allows the bank to simplify and expedite loans to small businesses. In less than four years, Mission Oaks has become a leading small business lender in the region. |
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| 2003 Children's Empowerment Award |
| Recognized for its dedication and commitment to children, Mission Oaks National Bank received the 2003 Children's Empowerment Award from Kids Day America/International™. Kids Day America/International is a worldwide organization of healthcare professionals devoted to children's disease prevention and healthcare issues. |
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Equal Housing Lender
