CU Bancorp Receives 2016 Raymond James Community Bankers Cup

CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California
United Bank, today announced that it has been recognized as a recipient
of the 2016 Raymond James Community Bankers Cup. This is the second
consecutive year CU Bancorp has been honored with this award.

Raymond James, a financial services investment company, annually
presents the award to the top 10% of community banks based on various
profitability, operational efficiency, and balance sheet metrics. The
pool of community banks considered for recognition includes all
exchange-traded domestic banks, excluding mutual holding companies and
potential acquisition targets, with assets between $500 million and $10
billion as of Dec. 31, 2016. This year, 281 community banks were
evaluated for recognition.

“We are honored that Raymond James has recognized us once again among an
elite group of community banks for our superior financial performance,”
said David Rainer, Chairman and CEO of CU Bancorp and California United
Bank. “As their analysis highlights, recipients of the Community Bankers
Cup, including CU Bancorp, have on average far outperformed the broader
banking industry as measured against the one-year, three-year and
five-year returns of the NASADAQ BANK Index, as well as compared to the
broader NASDAQ Composite and S&P 500 indexes. In 2017, we continue to
execute on the same sound strategies that have led to our outperformance
in previous periods.”

Recipients of the Community Bankers Cup demonstrated superior
performance on a relative basis in one or more of the following
measurements of financial performance and stability: nonperforming
assets to loans and real estate owned, five-year average core deposit
percentage, net interest margin, efficiency ratio, return on average
assets, and return on average tangible common equity.

About CU Bancorp and California United Bank

CU Bancorp is the parent of California United Bank. Founded in 2005,
California United Bank provides a full range of financial services,
including credit and deposit products, cash management, and internet
banking to businesses, non-profits, entrepreneurs, professionals and
investors throughout Southern California from its headquarters office in
Downtown Los Angeles and additional full-service offices in the San
Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Los
Angeles, South Bay, Orange County and the Inland Empire. California
United Bank is an SBA Preferred Lender. To view CU Bancorp’s most recent
financial information, please visit the Investor Relations section of
the Company’s Web site. Information on products and services may be
obtained by calling 818-257-7700 or visiting the Company’s Web site at


This press release contains certain forward-looking information about CU
Bancorp (the “Company”) that is intended to be covered by the safe
harbor for “forward-looking statements” provided by the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact are forward-looking statements. Such
statements involve inherent risks and uncertainties, many of which are
difficult to predict and are generally beyond the control of the
Company. Forward-looking statements speak only as of the date they are
made and we assume no duty to update such statements. We caution readers
that a number of important factors could cause actual results to differ
materially from those expressed in, implied or projected by, such
forward-looking statements. Risks and uncertainties include, but are not
limited to: lower than expected revenues; credit quality deterioration
or a reduction in real estate values which could cause an increase in
the allowance for credit losses and a reduction in net earnings;
increased competitive pressure among depository institutions; increased
cost of additional capital; a change in the interest rate environment
reduces net interest margins; asset/liability repricing risks and
liquidity risks; legal matters could be filed against the Company and
could take longer or cost more than expected to resolve or may be
resolved adversely to the Company; general economic conditions, either
nationally or in the market areas in which the Company does or
anticipates doing business, are less favorable than expected;
environmental conditions, including natural disasters and drought, may
disrupt our business, impede our operations, negatively impact the
values of collateral securing the Company’s loans and leases or impair
the ability of our borrowers to support their debt obligations; the
economic and regulatory effects of the continuing war on terrorism and
other events of war; legislative or regulatory requirements, including,
but not limited to requirements and expenses relating to the Bank
Secrecy Act, the Company’s ability to demonstrate compliance with the
BSA Consent Order to the satisfaction of the Federal Deposit Insurance
Corporation (“FDIC”) and the California Department of Business Oversight
(“CDBO”), the possibility that any expansionary activities will be
impeded while the BSA Consent Order remains outstanding, the Company’s
ability to employ and retain additional qualified BSA staff or third
parties, or changes adversely affecting the Company’s business; changes
in the securities markets; regulatory approvals for any capital
activities cannot be obtained on the terms expected or on the
anticipated schedule; and, other risks that are described in CU
Bancorp’s public filings with the U.S. Securities and Exchange
Commission (the “SEC”). If any of these risks or uncertainties
materializes or if any of the assumptions underlying such
forward-looking statements proves to be incorrect, CU Bancorp’s results
could differ materially from those expressed in, implied or projected by
such forward-looking statements. For a more complete discussion of risks
and uncertainties, investors and security holders are urged to read CU
Bancorp’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and
other reports filed by CU Bancorp with the SEC. The documents filed by
CU Bancorp with the SEC may be obtained at CU Bancorp’s website at
or at the SEC’s website at
These documents may also be obtained free of charge from CU Bancorp by
directing a request to: CU Bancorp c/o California United Bank, 15821
Ventura Boulevard, Suite 100, Encino, CA 91436. Attention: Investor
Relations. Telephone 818-257-7700.

Click to comment


To Top