Vibra Bank Gets ‘Super Premier’ DesignationWednesday, May 30, 2012
Vibra Bank, with a single office in Chula Vista, said May 29 it was awarded a Super Premier Performance designation by The Findley Reports, an Orange County based financial services research firm.
To achieve the ranking, the firm looked at a variety of variables including its deposits, average total assets, net loan losses and other financial information.
Vibra, which was founded in July 2008, had total assets of $104 million at the end of 2011, and generated a net profit of $1.3 million for the year.
“The recognition by The Findley Reports is a very strong achievement, especially for a bank as young as ours,” said CEO Scott Parker.