NEWPORT BEACH, Calif., April 17, 2007 (PRIME NEWSWIRE) -- Chino Commercial Bancorp and its wholly owned subsidiary Chino Commercial Bank were recognized by the California Bankers Association and Carpenter and Company during their annual Strategic Issues Summit, in Newport Beach, for having achieved the highest stock appreciation of any bank in California, over a five year period, in the asset category of $50 to $100 million dollars. The award entitled "Market Cap Champion" was given to the Bank in recognition for having achieved an increase in stock price of 200% since the Bank's opening. The Bank previously received the "Market Cap Champion" award for highest stock appreciation in the one year and three year periods in 2003 and 2004.
Dann H. Bowman, President and CEO stated, "We are 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. Chino Commercial Bancorp's stock closed on Monday (4/16/07) at $21.75. The Company's trades under the ticker symbol "CCBC".