NEWPORT BEACH, Calif., April 7, 2005 (PRIMEZONE) -- Chino Commercial Bank (OTCBB:CKNA) was recognized by the California Bankers Association and Carpenter and Company during their annual Strategic Summit, for having achieved the highest stock appreciation of any bank in California, over a three-year period, for the asset class $50 million to $100 million. The award, "Market Cap Champion," was given to the Bank in recognition for having achieved an increase in stock price of 193% since the Bank's opening. This is the second consecutive year the Bank has received the award.
Dann H. Bowman, President and CEO stated, "We are very honored to receive this award, but more importantly, we are pleased with the positive results achieved for our shareholders and customers. The fundamentals of the Bank continue to be very strong, and we are encouraged with the Bank's ongoing success."
Chino Commercial Bank was opened September 1, 2000, after having completed its initial public offering of common stock at (a split adjusted) $6.66 per share. The Bank's stock closed on Tuesday (4/5/05) at $19.25. The Bank trades under the ticker symbol "CKNA."
Chino Commercial Bank is the only bank headquartered in Chino.