Napa Valley is now about more than wine and all the other wondrous icons of California. It is also home to the Charter Oak Bank (CHOB). This exceptional financial institution has deep roots in the fertile soil of Napa Valley and with the community resident in its environs. This part of the United States has often led the nation in matters such as environmental and other kinds of consciousness, but now professional and diligent banking is the gem in their crown.
The tough market and competitive conditions of 2007 must leave most investors in this segment grateful, even if stocks have placid performance for the last year, as long as their precious capital stakes are intact. The 2007 results of Charter Oak Bank (CHOB) are like the quintessentially refreshing Californian ambience in the quagmire of the sub-prime mess. Charter Oak Bank (CHOB) has impressive annual growth figures to report for key parameters of banking performance, such as deposits and loans.
Charter Oak Bank (CHOB) has also taken a giant leap over most other members of its industry. It has no bad loans, has not involved in sub-prime perfidy, and has not bought any of these spurious transactions either. This spectacular achievement cannot be a chance event, but has to be the result of well designed and implemented processes and procedures. The latter are normally proprietary and confidential assets of corporations, but the operating methods of CHOB could be something for its competitors to emulate.
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