THELIST LA County Based
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14 LOS ANGELES BUSINESS JOURNAL OCTOBER 31, 2016 NEXT WEEK BANKS The Fastest Growing Private THE LIST L.A. County based; ranked by assets as of June 30 Companies in L.A. County Rank Bank ($ in millions; as of June 30) Capital Non-Current Returns Profile Top Executive • name Ratios Ratios • on average assets • employees3 • name • address Assets Deposits YTD Net • tier one1 • % of total assets • on average equity • branches • title THE PACESETTER: CIT • website • 2016 • 2016 Income (Loss) • total risk- • % of total loans (Jan. 1-June 30) • year • phone • 2016 2 Bank N.A. is the largest • 2015 • 2015 based founded • % change • % change • 2015 bank headquartered in (loss) (loss) L.A. County with assets of $43.4 billion as of June 30. CIT Bank N.A. (OneWest)4 $43,413 $32,928 ($9.7) 12.6% 1.6% -0% 3,734 Ellen Alemany 888 E. Walnut St. $21,650 $14,889 $115.4 13.8% 2% -0.4% 71 Chairwoman, CEO, Parent company CIT Group 1 Pasadena 91101 101 121 1908 President Inc. acquired OneWest bankoncit.com (800) 669-2300 Bank in August of last year. City National Bank 41,979 37,576 (9.7) 9.2 0.1 0.6 3,809 Russell Goldsmith CIT continues to operate 2 555 S. Flower St. 33,491 29,703 119.4 11.1 0.2 7.7 81 Chairman, CEO OneWest-branded locations Los Angeles 90071 25 27 1954 (310) 888-6000 cnb.com in Southern California. East West Bank 32,897 28,333 209.2 11 0.6 1.3 2,801 Dominic Ng 135 N. Los Robles Ave., Seventh Floor 29,977 25,681 200.5 12.1 0.8 12.8 122 Chairman, CEO 3 Pasadena 91101 10 10 1972 (626) 768-6000 eastwestbank.com Pacific Western Bank 21,085 15,620 175.7 12.1 0.7 1.7 1,674 Matthew P. Wagner 9701 Wilshire Blvd., Suite 700 16,558 13,018 151.6 13.1 0.9 8.1 84 CEO, President 4 Beverly Hills 90212 27 20 1982 (310) 887-8500 pacificwesternbank.com Cathay Bank 13,447 10,496 84.4 13.3 0.6 1.3 1,085 Pin Tai MERGER: BBCN Bank and 777 N. Broadway 11,887 9,369 86.8 14.5 0.5 9.3 61 CEO, President Wilshire Bank completed 5 Los Angeles 90012 13 12 1962 (213) 625-4700 a merger in July and cathaybank.com rebranded as Bank of Bank of Hope5 13,215 10,674 49.8 12.1 1.1 1.2 1,467 Steven Koh, Chairman Hope. The financial figures 3200 Wilshire Blvd., 14th Floor 11,913 9,677 46.1 13.2 1.1 10 87 Kevin Kim, CEO, President 6 Los Angeles 90010 11 10 1986 (213) 639-1700 reported here reflect the bankofhope.com combined premerger figures Farmers and Merchants Bank of 6,335 4,853 36 19.7 0.1 1.2 704 Daniel Walker, Chairman, for the banks. Long Beach 5,663 4,240 33.3 20.9 0.2 8.3 24 CEO 7 302 Pine Ave., Long Beach 90802 12 14 1907 Henry Walker, President HEADQUARTERS: Luther fmb.com (562) 437-0011 Burbank Savings moved its Luther Burbank Savings 4,710 3,175 27.8 21.6 0.1 1.2 287 John Biggs headquarters to Manhattan 1500 Rosecrans Ave., Suite 300 3,976 3,049 18.4 22.9 0.1 10.6 12 CEO, President 8 Manhattan Beach 90266 18 4 1983 (800) 578-9216 Beach earlier this year, but lutherburbanksavings.com its operations and Chief Hanmi Bank 4,435 3,605 30.8 13.4 0.5 1.4 632 C.G. Kum Executive John Biggs remain 3660 Wilshire Blvd., Suite A 3,966 3,457 26.4 14.6 0.4 12.1 44 CEO, President at the bank’s offices in Santa 9 Los Angeles 90010 12 4 1982 (213) 382-2200 Rosa. hanmi.com Community Bank 3,635 2,715 15.9 10.6 0.3 0.9 421 David Misch 460 Sierra Madre Villa 3,448 2,629 11.2 11.7 0.3 9.8 18 CEO 10 Pasadena 91107 5 3 1983 (626) 577-1700 cbank.com Grandpoint Bank 3,308 2,483 17.1 12.1 0.4 1.1 302 Don M. Griffith 355 S. Grand Ave., Suite 2400 3,053 2,283 14.5 12.8 0.5 9.7 18 Chairman, CEO 11 Los Angeles 90071 8 9 2007 (213) 542-2700 grandpointbank.com Preferred Bank 2,917 2,516 16.4 10.4 0.3 1.2 212 Li Yu 601 S. Figueroa St., 29th Floor 2,170 1,883 14.3 13.7 0.1 12 13 Chairman, CEO 12 Los Angeles 90017 34 34 1991 (213) 891-1188 preferredbank.com CTBC Bank Corp. (USA) 2,884 2,373 9 17.4 0 0.6 297 Noor Menai 801 S. Figueroa St., Suite 2300 2,302 1,798 7.2 18.7 0 4.3 12 CEO, President 13 Los Angeles 90017 25 32 1965 (310) 791-2828 ctbcbankusa.com California United Bank 2,776 2,405 13.3 10.4 0.1 1 280 David Rainer 818 W. Seventh St., Suite 220 2,471 2,143 9.7 11.2 0.1 8.3 10 Chairman, CEO 14 Los Angeles 90017 12 12 2005 (213) 430-7000 cunb.com Manufacturers Bank 2,536 1,959 6.6 12.6 0.1 0.5 262 Masaya Inagaki 515 S. Figueroa St., Fourth Floor 2,549 1,992 7.1 13.8 0.1 4.2 10 Chairman, CEO 15 Los Angeles 90071 (1) (2) 1962 (213) 489-6200 manufacturers-ca.com American Business Bank 1,665 1,504 6.6 16.3 0 0.8 132 Leon Blankstein 523 W. Sixth St., Suite 900 1,528 1,387 6.1 17.5 0.1 9.6 1 CEO, President 16 Los Angeles 90014 9 8 1998 (213) 430-4000 americanbusinessbank.com ACQUISITION: Royal Royal Business Bank 1,437 1,220 8.2 13.7 0.4 1.3 161 Alan Thian Business Bank acquired 660 S. Figueroa St., Suite 1888 1,006 858 5.9 14.7 0.4 9.2 14 CEO, President Alhambra-based 17 Los Angeles 90017 43 42 2008 (213) 627-9888 TomatoBank in February. royalbusinessbankusa.com Far East National Bank 1,332 1,013 5.3 20.6 0 0.8 164 Alton Wang 977 N. Broadway, Suite 500 1,211 864 6 21.8 0 3.8 9 President 18 Los Angeles 90012 10 17 1974 (866) 336-2872 fareastnationalbank.com Pacific City Bank 1,116 1,004 6.3 11.4 0.2 1.2 204 Haeyoung Cho 3701 Wilshire Blvd., Suite 100 998 903 6.2 12.5 0.2 12.6 10 CEO, President 19 Los Angeles 90010 12 11 2003 (213) 210-2000 paccity.net Malaga Bank F.S.B. 993 756 6.1 24.9 0 1.2 79 Randy Bowers 2514 Via Tejon 989 757 6.1 25.5 0 9.1 5 CEO, President 20 Palos Verdes Estates 90274 0 (0) 1985 (310) 375-9000 malagabank.com EverTrust Bank 830 647 4.4 17.9 0.9 1.1 93 Jesse C.K. Kung 2 N. Lake Ave., Suite 1030 733 569 3.4 19.1 1.3 5.9 7 CEO, President 21 Pasadena 91101 13 14 1995 (626) 993-3800 evertrustbank.com First Choice Bank 828 700 3.6 13.3 0.4 0.9 98 Robert Franko 17785 Center Court, Suite 750 718 615 2.1 14.5 0.5 7.7 5 CEO, President 22 Cerritos 90703 15 14 2005 (562) 345-9092 firstchoicebankca.com 1 Tier one (core) capital as a percent of risk-weighted assets. 5 Includes information for BBCN Bank and Wilshire Bank. 2 Total risk-based capital as a percent of risk-weighted assets. Note: Financial information on this list was provided by the FDIC and is current as of June 3 Full-time equivalent employees. 30. Banks are ranked by their assets as of June 30, 2016. Core capital ratios and non- 4 CIT Bank N.A. acquired and operates OneWest Bank. performance asset ratios can be used as indicators of an institution's financial security. Researched by David Nusbaum Continued on page 16 14-18_list_banks.indd 14 10/27/2016 5:48:35 PM 16 LOS ANGELES BUSINESS JOURNAL THE LIST OCTOBER 31, 2016 BANKS Continued from page 14 Rank Bank ($ in millions; as of June 30) Capital Non-Current Returns Profile Top Executive • name Ratios Ratios • on average assets • employees3 • name • address Assets Deposits YTD Net • tier one1 • % of total assets • on average equity • branches • title • website • 2016 • 2016 Income (Loss) • total risk- • % of total loans (Jan. 1-June 30) • year • phone • 2015 • 2015 • 2016 based2 founded • % change • % change • 2015 (loss) (loss) CBB Bank $826 $712 $6.2 13.2% 0.6% 1.5% 129 Joanne Kim 3435 Wilshire Blvd., Suite 700 $744 $645 $5.8 14.4% 0.5% 13.3% 6 CEO, President 23 Los Angeles 90010 11 10 2005 (323) 988-3000 cbb-bank.com First General Bank 776 684 7.2 13.6 0.9 1.9 58 Cliff Hsu 1744 S. Nogales St. 663 583 5.4 14.6 1 17.1 4 CEO, President 24 Rowland Heights 91748 17 17 2005 (626) 820-1234 fgbusa.com Open Bank 673 582 3.2 13 0.1 1 126 Min Kim 1000 Wilshire Blvd., Suite 500 565 481 2.9 14.2 0.1 8.5 7 CEO, President 25 Los Angeles 90017 19 21 2005 (213) 892-9999 myopenbank.com State Bank of India (California) 604 486 (0.3) 23.2 3.9 -0.1 98 Rama Mohan Rao Amara 707 Wilshire Blvd., Suite 2900 752 574 (0.5) 24.4 4.8 -0.6 10 CEO 26 Los Angeles 90017 (20) (15) 1982 (213) 623-7250 sbical.com Pacific Commerce Bank 555 449 1 10.3 0 0.5 80 Frank Mercardante 420 E.