CU Bancorp, the parent company of wholly owned California United Bank, which serves the Santa Clarita, San Fernando and Conejo valleys, announced Thursday that it has been named to Fortune’s annual Top 100 Fastest-Growing Companies list.
“We are honored to be recognized by Fortune as one of the world’s fastest-growing companies and one of its best-performing commercial banks,” said David Rainer, Chairman and CEO of CU Bancorp and California United Bank. “Since our inception 11 years ago, we have focused on delivering outstanding customer service through our relationship-based business banking model in the attractive Southern California market, with an emphasis on providing a much more personal experience than larger institutions can offer. We believe this, along with our very experienced and dedicated team, is the foundation of our strong, consistent growth.”
The Fortune list ranks companies based on their annual revenue growth rate, earnings per share growth rate and total stock return for the three-year period through June 30, 2016. The overall rank is based on the sum of the three ranks. CU Bancorp’s three-year performance rates were 47% for revenues, 44% for earnings per share and 13% for total return; the Company ranked 52nd overall.
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 www.cunb.com.