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

June 1, 2023

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 first 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're incredibly proud to be recognized in the top tier of our peer group by CB Resource, Inc," said Kevin Farrenkopf, President and CEO of HCN Bank. "This distinction is extra special for us given the banking industry’s challenges during the first quarter of 2023. Like many community banks that provided conventional banking products instead of cryptocurrency products or other high-risk services, we built on our successful 2022 with a very solid first quarter in 2023. We’ll stay true to this mission for many years to come. We share this award with our stakeholders, including our wonderful clients and staff, our shareholders, and the communities we’re proud to serve.”

CB Resource, Inc

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.

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