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California United Bank Receives “Outstanding” CRA Rating

ENCINO, Calif.--(BUSINESS WIRE)--California United Bank, the wholly-owned subsidiary of CU Bancorp (NASDAQ: CUNB), today announced that it has received an “Outstanding” Community Reinvestment Act (CRA) rating – the highest possible rating – from the FDIC. The rating is based on the performance of the Bank between May 2010 and June 2013. The Community Reinvestment Act of 1977 was enacted by Congress to encourage financial institutions to meet the credit needs of the communities in which they operate.