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Kroll assigns debt ratings to California-based Community Bank

Kroll Bond Rating Agency assigned a BBB+ senior unsecured debt and deposit rating, and K2 short-term debt and deposit ratings to Pasadena, Calif.-based Community Bank, along with a BBB subordinated debt rating.

The outlook on all long-term ratings is stable.

The agency noted that the ratings reflect the company's strong core and risk-based capital, strong asset quality, strong emphasis on prudent risk management, and stable earnings and efficiency metrics. The ratings are balanced by the company's less diversified revenue mix, and below-peers earnings and efficiency metrics.