HCN Bank Earns a Spot in Top Ten Percent of Peer Group in CB Resource, Inc.'s CB Top Ten™ Report (2023 Q2)

August 28, 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 second 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 honored and proud to once again be recognized as a top performing bank in the nation by CB Resource, Inc," said Kevin Farrenkopf, President and CEO of HCN Bank. "Our goal has always been to remain financially strong in good economic times or bad, regardless of the interest environment. This discipline has been a cornerstone of our strategy and helped us achieve top performing results for approximately 20 years. We’ll continue this approach 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.”

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.