Newsletter Names Ojai Bank Among Best Performing

For the 15th consecutive year, Ojai Valley Bank has been named one of California’s best performing banks by the financial newsletter Findley Reports.

The newsletter named the bank a Premier Performing Bank for 1999 based on several criteria, including growth of assets, deposits and gross income, return on equity, low loan losses and operating income as a percentage of total assets.

Bank board Chairman Alan Rains said assets last year grew 7.5% to $67.8 million. Shareholders received dividends of $1.65 per share, an increase of 10 cents per share over the previous year.