HCN Bank Earns a Spot in Top Ten Percent of Peer Group in CB Resource, Inc.'s CB Top Ten™ Report (2023 Q4)

February 20, 2024

HCN Bank, a community-focused financial institution, is delighted to announce that it has been ranked within the Top Ten Percent of its peer group in CB Resource, Inc's prestigious CB Top Ten™ Report for the fourth consecutive quarter of 2023. This recognition testifies to the bank's continuous commitment to excellence in financial performance and safety and soundness.

CB Resource, Inc's CB Top Ten™ Report is a highly respected analysis tool that has been ranking community banks across the country for over a decade using a performance scorecard methodology. The report categorizes banks by asset size and corporation type and identifies those whose overall performance is in the top decile of their national peer group. The recognition is a testament to HCN Bank's ongoing efforts to maintain high standards of service, operational efficiency, and financial stewardship.

"We are proud to celebrate the achievement of being named a top-performing bank in the nation by CB Resource, Inc. for the fourth consecutive quarter, marking an entire year of excellence throughout 2023," said Kevin Farrenkopf, President and CEO of HCN Bank. "Our commitment to financial resilience, whether in prosperous times or challenging economic climates, and irrespective of rising interest rates, remains the foundation of our strategy. We are dedicated to sustaining these high standards in the years ahead. This accolade is shared with our valued stakeholders—our exceptional clients and staff, our shareholders, and the communities we are honored to support.”

For more information about HCN Bank and our ongoing commitment to our communities, please visit our website: www.hcnbank.com.

About HCN Bank

HCN Bank was founded in 1974 by a group of community leaders in the Hemet and San Jacinto areas. From its inception, the mission of the bank has been to create a "friends and family" bank that is safe and sound, a nice environment for both clients and employees, and a company committed to the community. While our six branches are located in Riverside County, our reach has extended nationwide. We are currently lending in over 40 states and have deposit clients in 44.