Karen L. Dorway, president of BauerFinancial, said earning the firm’s coveted “5-Star Superior” rating indicates Commerce Bank of Arizona is one of the strongest banks in the country excelling in areas such as capital adequacy, delinquent loan levels and profitability.
“I’m particularly impressed with Commerce Bank of Arizona’s capital ratios, which are at least twice what federal regulators require,” she said. “A sizeable capital cushion can make all the difference in an economic crisis, which is one of the reasons the bank received our highest rating.”
BauerFinancial awarded the “5-Star Superior” rating to four banks in the entire state of Arizona. Commerce Bank of Arizona is the only financial institution headquartered in Southern Arizona to receive the distinction.
Randall J. Yenerich, president and chief executive officer of Commerce Bank of Arizona, said BauerFinancial’
“Commerce Bank of Arizona’s customers are the first priority in our business model, as we deeply care about the safety and security of their banking experience,”
Founded in 2002 by a local group of investors, Commerce Bank of Arizona offers a complete line of business and consumer banking services, including a variety of commercial and real estate loan and deposit products. The bank has one office in Mesa and five offices in Tucson, Green Valley and Tubac. As of June 30, 2010, the bank had $275 million in assets.
BauerFinancial bases its star ratings on current financial data analyses supplied by federal banking regulators and compares it with previous historical data for consistency. The ratings firm has reviewed the nation’s banks for more than 25 years, and its financial ratings represent an independent, unbiased examination of a financial institution's safety.
ABOUT COMMERCE BANK OF ARIZONA
Commerce Bank of Arizona is an Arizona-based community bank specializing in providing customized financial services to small business owners, professionals, nonprofit organizations and individuals. The bank is results-driven and focused on helping customers reach their personal and professional financial goals. For more information, visit http://www.commercebankaz.com.
ABOUT BAUERFINANCIAL, INC.
BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may view star-ratings by visiting http://www.bauerfinancial.com.