The labor force population in Arizona is at 60% in comparison to states like California, Nevada and New Mexico which are sitting at around 65%, with a lot of it due to the pandemic.
Share this article
Share this article
TUCSON, Ariz., Feb. 11, 2021 /PRNewswire/ CBOA Financial, Inc. (OTCMKTS:CBOF) (the Company ), parent company of Commerce Bank of Arizona (the Bank or CBAZ ), announced that consolidated after tax net income for quarter ending December 31, 2020 increased 373% to $1,522,000, from $457,000 in the third quarter of 2020.
Chris Webster, Bank President and Chief Executive Officer said The economic and operating challenges of 2020 were unprecedented. I am extremely proud of our team and how we were able to maintain our exceptional customer service performance standards. Webster added, Our financial metrics for the year were excellent. The Bank generated strong loan and deposit growth, Net Interest Margin and bottom line Net Income. And, we were able to re-align key non-interest costs which will benefit the Bank in the years to come.