| | |
| Brief Excerpt: | ...Peer Review Completed: The viability ratings (VRs) and issuer default ratings (IDRs) for the community bank peer group were reviewed in September 2015. At that review, Fitch Ratings upgraded the ratings of Community Bank System to `BBB+' from `BBB' and revised the Rating Outlook for Central Pacific Financial from Stable to Positive. All other ratings were affirmed. Lack of Revenue Diversity: Community banks typically exhibit a lack of product/revenue diversification compared with larger banks and, thus, have weaker company profiles under Fitch's rating criteria. Fitch believes this characteristic provides a natural cap to community banks' ratings within the `BBB' rating category. Strategic Risks Coming to Head: Increased regulatory scrutiny including more complex, costly stress testing and supervision by the Consumer Financial Protection Bureau that comes with crossing $10bn is forcing large community bank management teams and board directors to make strategic decisions about the economics... |
| | |
| Report Type: | |
| Company(ies) | Independent Bank Corp.
, Community Financial System Inc
, First Midwest Bancorp, Inc.
, CVB Financial Corporation
, Citizens Business Bank
, First Midwest Bank
, Community Bank, National Association
, Rockland Trust Company
, First Midwest Capital Trust I
, Central Pacific Financial Corp.
, Central Pacific Bank
, CPB Capital Trust I
, CPB Capital Trust II
, CPB Capital Trust IV
, CPB Statutory Trust III
, CPB Statutory Trust V
, CVB Statutory Trust III |
| Ticker(s) | CBU
, CPF
, CVBF
, FMBI
, INDB |
| Issuer | Central Pacific Financial Corp |
| Format: | | PDF |  |
|
| |
