CCBANK AND FEDERAL HOME LOAN BANK (FHLB) DES MOINES ANNOUNCE $137,000 IN NEW COMMUNITY GIVING FOR UTAH NONPROFITS.
Provo, Utah (May 25, 2023) – CCBank announced today that it has joined with the Federal Home Loan Bank (FHLB) of Des Moines to provide $137,000 in new support to eight local Utah nonprofits that will go toward efforts around affordable housing and community development, and these funds will be distributed to the following nonprofits by June 15th, 2023: 1) Harrington Center for the Arts; 2) The Refuge Utah; 3) NeighborWorks – Mountain Country Home Solutions; 4) Salt Lake Valley Habitat for Humanity; 5) Habitat for Humanity – Utah County; 6) Follow the Flag; 7) The Malouf Foundation, and [...]
CCBANK SET TO BREAK GROUND ON NEW CORPORATE HEADQUARTERS ON FRIDAY, MARCH 31st.
Provo, Utah (March 27, 2023) – CCBank is excited to announce that it will break ground on its new corporate headquarters on Friday, March 31st, 2023, at 10 a.m. The groundbreaking celebration will occur at the bank’s branch office at 1909 W. State Street in Pleasant Grove. The community is invited to join the bank’s personnel, local officials, and representatives from SIRQ Construction, Scholz Architects, and Navigate Construction Management to celebrate the addition of this commercial space to the city of Pleasant Grove. CCBank’s new corporate headquarters is in the Battle Creek business park located in Pleasant Grove, and [...]
CCBANK RANKED AMONG TOP PERFORMING COMMUNITY BANKS IN THE U.S. BY NATIONAL RISK MANAGEMENT GROUP.
Provo, Utah (March 16, 2023) – CCBank announced today that it has been ranked as the #4 top-performing community bank in the United States among 544 other banks in its peer group, with assets ranging from $500 million to $999 million. CCBank was listed as the fourth strongest bank in 2022 by performance in a December 31, 2022, YTD report compiled and recently distributed by CB Resource Risk Management & Planning—an independent bank rating firm. This report provides a comparative summary of community banks operating nationwide and gives a scorecard to rank banks against their peers using key performance [...]
CCBANK IS SAFE, SOUND, AND SECURE – LETTER TO CLIENTS
Dear Clients, Over the past 30 years—and since 1993—our bank has endeavored to provide a premier community bank to the people of our great state of Utah that, in turn, helps achieve the dreams, ambitions, and goals of our friends and families, who we have the honor of also calling our clients. We join you, our clients, and our partners this year to celebrate CCBank’s 30th anniversary, but we do so within a shifting landscape in the banking industry. Just recently, close to home, we had a longstanding community bank sold to an out-of-state holding company. In Salt Lake [...]
CCBANK RECEIVES PREFERRED LENDER STATUS FROM THE U.S. SMALL BUSINESS ADMINISTRATION.
Provo, Utah (March 2, 2023) – CCBank announced today that the United States Small Business Administration (SBA) awarded the bank 'Preferred Lender Status’, giving the bank's SBA lending team more authority to process, close, and liquidate SBA-guaranteed loans. By attaining preferred lender status, CCBank can offer businesses throughout the Wasatch Front, southern Utah, and beyond greater efficiency in the SBA loan process from application to close. “Our mission as a longstanding community bank is to ensure that our business community is provided with the products and services to help them grow and thrive,” explained Dustin Phillips, CCBank’s Chief Lending Officer. [...]