CU Bancorp, the parent company of California United Bank, announced Thursday that it has been named to Fortune’s annual Top 100 fastest-growing companies list.
“We are honored to be recognized by Fortune as one of the world’s fastest-growing companies and one of its best-performing commercial banks,” said CU Bancorp and California United Bank Chairman and CEO David Rainer.
The Fortune list ranks companies based on their annual revenue growth rate, earnings per share growth rate and total stock return for the three-year period through June 30, 2016. The overall rank is based on the sum of the three ranks.
CU Bancorp’s three-year performance rates were 47 percent for revenues, 44 percent for earnings per share and 13 percent for total return, the company said in a statement from its headquarters in downtown L.A. The company ranked 52nd overall on the Fortune list.
—City News Service