SAN JOSE, CA–(Marketwire -01/11/12)- Focus Business Bank (OTC.BB: FCSB.OB – News) announced that it has recently been rated Five-Star by Bauer Financial, Inc., of Coral Gables, Florida. A bank rated Five-Stars is designated “superior” and recommended by Bauer Financial, Inc. Five-Star is Bauer’s highest rating.
Focus Business Bank President and CEO Richard Conniff said, “We are pleased that Bauer Financial, Inc. has awarded our bank a Five-Star rating. It recognizes our commitment to building a strong and stable financial institution. We appreciate that our clients have an independent resource available to support their banking decisions.”
Bauer Financial, Inc. has been analyzing and reporting on the financial condition of the nation’s banking industry since 1983. They analyze detailed quarterly financial reports filed by banks and credit unions with their federal regulators. Based on an analysis of the reports, compared with historical data, Bauer assigns a star-rating based on a scale of zero to five, with five stars being the strongest.
Focus Business Bank is dedicated to meeting the banking needs of closely-held businesses and professionals in Santa Clara County. The Bank’s office is located at 10 Almaden Boulevard in downtown San Jose, California and offers a variety of commercial banking products including loans, deposits, remote deposit capture and other cash management services oriented toward closely-held businesses and their owners. The Bank specializes in commercial loans and SBA 7a and 504 loans. The Bank also serves not-for-profit businesses and condominium homeowner associations by offering expertise, market knowledge and specialized products and services to these customers.
Forward-Looking StatementsThis release may contain forward-looking statements, such as, among others, statements about plans, expectations and goals concerning growth and improvement. Forward-looking statements are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, including the real estate market in California and other factors beyond the Bank’s control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management’s view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
http://tourism9.com/
2012年1月12日星期四
2012年1月6日星期五
US Exim Bank to diversify investment portfolio in India
Hyderabad, Jan 6 (IANS) The US Export-Import Bank is looking to diversify its India portfolio, financing projects in education, healthcare and agriculture, its chairman and president Fed P. Hochberg said here Friday.
With a $7 billion commitment, India is currently the second biggest investment destination for the bank after Mexico.
‘In India, our commitments are $7 billion and at the rate India is growing this will be the single largest market in 12 to 18 months,’ said Hochberg.
Exim Bank focuses its efforts on nine countries that are building infrastructure and growing rapidly. It has already disbursed most of the $7 billion funds it committed for various projects in India.
It is considering more projects worth $2 billion.
‘We have many projects in the pipeline. Right now $2 billion projects in the full range of projects in the entire countryside from renewable energy to conventional energy to water treatment,’ he said.
The projects of $2 billion that the bank is considering do not include its commitment to Air India. He said Exim Bank would continue to support Air India. ‘Air India has been very good customer. We have supported Air India over many years. They are passing through difficulties.’
‘That is the case that we have dealt in the court in the US,’ he remarked when asked about the opposition from the US airlines to the commitment to Air India.
He pointed out that Exim Bank had also financed Jet Airways and SpiceJet. The two are among 36 airlines around the world being financed by the bank.
Hochberg said 30 percent of the projects the Exim Bank was financing in India were power projects. Since the US is one of the leaders in renewable power and petrochemicals, it is looking to invest more in these areas.
‘We are excited by power sector in India. India’s growth has been extraordinary. It is possible to continue more investment in power,’ he added.
Hochberg said solar power would be another key area of interest for Exim Bank as India has set a target of 20,000 MW of solar power by 2020. ‘We were impressed with the progress made in 2011. With new five-year plan beginning this week, we are seeing more interest.’
He also said that Exim Bank would not fund a project which is detrimental to the environment. ‘Environmental concerns are of primary interest to us. Environment is part of our mandate. Will not do projects which we believe are environmentally detrimental,’ he said when asked about environmental impact of power projects.
On corruption, the Exim Bank chief said that was something the bank was concerned about in every place in the world.
‘This is something that we take very seriously in doing our transactions and we do a lot of due diligence.’
Hochberg was talking to reporters in Hyderabad, his third and last stop in his first-ever visit to South India. He met Chief Minister Kiran Kumar Reddy and Industries Minister J. Geeta Reddy and discussed infrastructure projects in the state
http://tourism9.com/
With a $7 billion commitment, India is currently the second biggest investment destination for the bank after Mexico.
‘In India, our commitments are $7 billion and at the rate India is growing this will be the single largest market in 12 to 18 months,’ said Hochberg.
Exim Bank focuses its efforts on nine countries that are building infrastructure and growing rapidly. It has already disbursed most of the $7 billion funds it committed for various projects in India.
It is considering more projects worth $2 billion.
‘We have many projects in the pipeline. Right now $2 billion projects in the full range of projects in the entire countryside from renewable energy to conventional energy to water treatment,’ he said.
The projects of $2 billion that the bank is considering do not include its commitment to Air India. He said Exim Bank would continue to support Air India. ‘Air India has been very good customer. We have supported Air India over many years. They are passing through difficulties.’
‘That is the case that we have dealt in the court in the US,’ he remarked when asked about the opposition from the US airlines to the commitment to Air India.
He pointed out that Exim Bank had also financed Jet Airways and SpiceJet. The two are among 36 airlines around the world being financed by the bank.
Hochberg said 30 percent of the projects the Exim Bank was financing in India were power projects. Since the US is one of the leaders in renewable power and petrochemicals, it is looking to invest more in these areas.
‘We are excited by power sector in India. India’s growth has been extraordinary. It is possible to continue more investment in power,’ he added.
Hochberg said solar power would be another key area of interest for Exim Bank as India has set a target of 20,000 MW of solar power by 2020. ‘We were impressed with the progress made in 2011. With new five-year plan beginning this week, we are seeing more interest.’
He also said that Exim Bank would not fund a project which is detrimental to the environment. ‘Environmental concerns are of primary interest to us. Environment is part of our mandate. Will not do projects which we believe are environmentally detrimental,’ he said when asked about environmental impact of power projects.
On corruption, the Exim Bank chief said that was something the bank was concerned about in every place in the world.
‘This is something that we take very seriously in doing our transactions and we do a lot of due diligence.’
Hochberg was talking to reporters in Hyderabad, his third and last stop in his first-ever visit to South India. He met Chief Minister Kiran Kumar Reddy and Industries Minister J. Geeta Reddy and discussed infrastructure projects in the state
http://tourism9.com/
订阅：
博文 (Atom)