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HCN Bank Recognized as a Leading Community Bank by S&P Global Market Intelligence

June 1, 2023

HCN Bank is proud to announce that it has earned 12th place out of 3,782 in the S&P Global Market Intelligence's 2022 Top 100 Community Banks ranking for banks with less than $3 billion in assets. This impressive achievement underscores the bank's success in financial performance, as well as safety and soundness.

S&P Global Market Intelligence, a trusted global provider of financial data and industry insights, evaluated HCN Bank based on an array of financial metrics. These metrics included revenue growth over a five-year period, asset quality as measured by non-performing loans, efficiency ratio, and capital adequacy, a measure of safety and soundness. The rankings reflect the bank's recent success, and success achieved over the last five years.

"We are thrilled and deeply honored to receive this recognition," said Kevin Farrenkopf, President and CEO of HCN Bank. "Being acknowledged as a top community bank by S&P Global Market Intelligence reaffirms our commitment to delivering excellent financial services to our customers, and it demonstrates the hard work and dedication of our entire team. This is an achievement we share with our clients and our communities." Mr. Farrenkopf was presented with this award on May 23rd at S&P Global’s annual ceremony in Dallas, Texas.

HCN Bank extends its gratitude to its loyal customers, dedicated employees, and supportive communities. The bank is determined to continue its tradition of exceptional service and responsible financial management.

S&P Global Award Acceptance

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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