SAN FERNANDO VALLEY BUSINESS JOURNAL OCTOBER 19, 2015 ($ in millions) Rank Bank • name • address • website Market Share • 2015 • 2014 SFV Deposits • 2015 • 2014 Total Assets • 2015 • 2014 Total Deposits • 2015 • 2014 Profile • local branches • total branches • year established • headquarters Top Local Executive • name • title • phone 1 Wells Fargo 333 S. Grand Ave. Los Angeles 90071 wellsfargo.com 21.60% 21.54% $12,799 $11,998 $1,553,871 $1,436,828 $1,227,084 $1,135,965 83 6,232 1870 San Francisco Lisa Stevens Regional Bank Executive, Pacific Midwest (800) 869-3557 2 Bank of America 333 S. Hope St. Los Angeles 90071 bankofamerica.com 20.87 19.90 12,370 11,085 1,606,232 1,454,742 1,243,040 1,128,233 74 4,861 1904 Charlotte, N.C. Raul A. Anaya Greater Los Angeles Market President (213) 621-7419 3 JPMorgan Chase Bank N.A. 2701 Wilshire Blvd., Second Floor Santa Monica 90402 chase.com 18.29 17.59 10,840 9,798 1,971,380 2,002,009 1,330,275 1,368,272 99 5,545 1799 New York Teri Decker Market Manager (310) 453-5978 4 Citibank 17400 Brookhurst St. Fountain Valley 92708 citibank.com 8.67 9.05 5,137 5,043 1,336,201 1,375,505 941,737 976,701 36 808 1812 New York Lisa Deloney Managing Director, Market President (800) 374-9700 5 MUFG Union Bank N.A. 445 S. Figueroa St. Los Angeles 90071 unionbank.com 4.19 4.37 2,481 2,436 113,525 108,229 82,554 82,038 27 384 1979 New York Tim Wennes West Coast President (213) 236-5000 6 U.S. Bank 633 W. Fifth St. Los Angeles 90071 usbank.com 3.86 4.21 2,285 2,343 414,002 384,194 307,829 286,193 56 3,221 1863 Minneapolis Sean Foley Regional Chairman (800) 872-2657 7 City National Bank 555 S. Flower St. Los Angeles 90071 cnb.com 3.18 3.40 1,887 1,891 33,491 30,499 29,703 26,875 13 76 1953 Los Angeles Russell D. Goldsmith Chairman, CEO (310) 888-6000 8 CIT Bank N.A. 1 888 E. Walnut St. Pasadena 91101 bankoncit.com 2.75 3.02 1,627 1,681 21,650 22,511 14,889 14,645 10 71 1908 New York Steven Mnuchin/Joseph Otting Chairman/CEO, President (877) 741-9378 9 Pacific Western Bank 10250 Constellation Blvd., Suite 1640 Los Angeles 90067 pacificwesternbank.com 2.24 2.82 1,326 1,573 16,558 15,377 13,017 11,970 8 81 1982 San Diego Matthew P. Wagner Chairman, CEO (310) 286-1144 10 Bank of the West 300 S. Grand Ave. Los Angeles 90071 bankofthewest.com 1.46 1.53 863 854 72,545 69,150 51,401 49,508 10 570 1874 San Francisco Mary Borg Executive Vice President (213) 972-0330 11 Citizens Business Bank 701 N. Haven Ave. Ontario 91764 cbbank.com 1.25 1.12 739 625 7,691 7,418 6,011 5,643 5 47 1974 Ontario Christopher D. Myers CEO, President (909) 980-4030 12 Community Bank 460 Sierra Madre Villa Pasadena 91107 cbank.com 1.20 1.13 712 627 3,448 3,505 2,629 2,582 4 18 1983 Pasadena David Misch CEO (800) 788-9999 California United Bank 818 W. Seventh St., Suite 220 Los Angeles 90017 cunb.com 1.15 1.01 681 564 2,471 1,429 2,143 1,250 4 10 2005 Los Angeles David I. Rainer Chairman, CEO (213) 430-7000 14 Luther Burbank Savings 804 Fourth St. Santa Rosa 95404 lutherburbanksavings.com 1.04 1.18 618 658 3,976 3,761 3,049 3,146 2 9 1983 Santa Rosa John Biggs CEO, President (800) 578-9216 15 California Bank & Trust 550 S. Hope St. Los Angeles 90071 calbanktrust.com 0.81 0.82 481 457 11,843 11,076 10,195 9,465 7 98 1972 San Diego Betty Rengifo Uribe Executive V.P., Business and Personal Banking Division (213) 228-1700 16 Rabobank N.A. 915 Highland Pointe Drive, Suite 350 Roseville 95678 rabobankamerica.com 0.70 0.81 416 454 15,052 14,310 11,820 10,809 4 109 1981 Roseville Mark Borrecco CEO (800) 942-6222 17 Comerica Bank 601 S. Figueroa St., Suite 1200 Los Angeles 90017 comerica.com 0.56 0.58 333 322 69,927 65,243 59,286 55,081 6 476 1849 Detroit Mike Dokmanovich President, L.A. and Orange Counties (800) 522-2265 18 Boston Private Bank & Trust 16000 Ventura Blvd. Encino 91436 bostonprivatebank.com 0.55 0.57 324 320 6,867 6,204 5,494 5,004 4 23 1983 Boston Nick Hofer Regional Executive Director, West Coast Market Leader (818) 501-1700 19 BBCN Bank 3731 Wilshire Blvd., Suite 1000 Los Angeles 90010 bbcnbank.com 0.45 0.42 266 235 7,328 6,862 5,765 5,482 3 51 1986 Los Angeles Kevin S. Kim Chairman, CEO, President (213) 639-1700 20 First Republic Bank 1888 Century Park East Los Angeles 90067 firstrepublic.com 0.42 0.37 246 205 53,119 46,229 41,888 35,034 1 71 1985 San Francisco Mary Deckebach Regional Managing Director (877) 743-7777 1 CIT Bank N.A. acquired and operates OneWest Bank. Notes: Data for this report was taken from the Federal Deposit Insurance Corp. website reports as of June 30. Banks are ranked by deposits at San Fernando Valley area branches. Additional research was done by the SFVBJ. To the best of our knowledge this information is accurate as of press time. While every effort is made to ensure the accuracy and thoroughness of the list, omissions and typographical errors sometimes occur. Please send corrections or additions on company letterhead to the Research Department [email protected] © 2015 San Fernando Valley Business Journal. This list may not be reprinted in whole without prior written permission of the editor. Reprints are available from Wright's Media. (877) 652-5295 or e-mail [email protected] Researched by David Nusbaum THE LIST NEXT ISSUE MBA Programs THE PACESETTER: Wells Fargo tops the list of the largest financial institutions ranked by deposits according to data provided by the Financial Deposit Insurance Corp. The bank had $12.8 billion in deposits at local branches as of June 30, an $800 million increase from last year. That accounts for 21.6 percent of deposits in the market. The San Francisco-based bank has 83 branches in the greater San Fernando Valley area. FINANCIAL INSTITUTIONS Ranked by deposits in Valley-area branches as of June 30 ENCINO: California United Bank relocated its headquarters from Encino to downtown Los Angeles when it completed its acquisition of 1st Enterprise Bank in December. Continued on page 10 1 13 ’11 ’12 ’13 ’14 ’15 $60 58 56 54 52 50 Check, Please Total deposits at Valley-area branches as of June 30. (in billions) Source: Federal Deposit Insurance Corp.
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� San fernando valley BUSIneSS JoUrnal octoBer 19, 2015
($ in millions)Rank Bank• name
• address
• website
Market Share• 2015
• 2014 SFV Deposits• 2015
• 2014
Total Assets• 2015
• 2014
Total Deposits• 2015
• 2014
Profile• local branches
• total branches
• year established
• headquarters
Top Local Executive• name
• title
• phone
1Wells Fargo333 S. Grand Ave.Los Angeles 90071wellsfargo.com
21.60%21.54%
$12,799$11,998
$1,553,871$1,436,828
$1,227,084$1,135,965
836,2321870San Francisco
Lisa StevensRegional Bank Executive,Pacific Midwest(800) 869-3557
2Bank of America333 S. Hope St.Los Angeles 90071bankofamerica.com
20.8719.90
12,37011,085
1,606,2321,454,742
1,243,0401,128,233
744,8611904Charlotte, N.C.
Raul A. AnayaGreater Los Angeles MarketPresident(213) 621-7419
3JPMorgan Chase Bank N.A.2701 Wilshire Blvd., Second FloorSanta Monica 90402chase.com
18.2917.59
10,8409,798
1,971,3802,002,009
1,330,2751,368,272
995,5451799New York
Teri DeckerMarket Manager(310) 453-5978
4Citibank17400 Brookhurst St.Fountain Valley 92708citibank.com
8.679.05
5,1375,043
1,336,2011,375,505
941,737976,701
368081812New York
Lisa DeloneyManaging Director, MarketPresident(800) 374-9700
5MUFG Union Bank N.A.445 S. Figueroa St.Los Angeles 90071unionbank.com
4.194.37
2,4812,436
113,525108,229
82,55482,038
273841979New York
Tim WennesWest Coast President(213) 236-5000
6U.S. Bank633 W. Fifth St.Los Angeles 90071usbank.com
3.864.21
2,2852,343
414,002384,194
307,829286,193
563,2211863Minneapolis
Sean FoleyRegional Chairman(800) 872-2657
7City National Bank555 S. Flower St.Los Angeles 90071cnb.com
3.183.40
1,8871,891
33,49130,499
29,70326,875
13761953Los Angeles
Russell D. GoldsmithChairman, CEO(310) 888-6000
8CIT Bank N.A.1888 E. Walnut St.Pasadena 91101bankoncit.com
2.753.02
1,6271,681
21,65022,511
14,88914,645
10711908New York
Steven Mnuchin/Joseph OttingChairman/CEO, President(877) 741-9378
9Pacific Western Bank10250 Constellation Blvd., Suite 1640Los Angeles 90067pacificwesternbank.com
2.242.82
1,3261,573
16,55815,377
13,01711,970
8811982San Diego
Matthew P. WagnerChairman, CEO(310) 286-1144
10Bank of the West300 S. Grand Ave.Los Angeles 90071bankofthewest.com
1.461.53
863854
72,54569,150
51,40149,508
105701874San Francisco
Mary BorgExecutive Vice President(213) 972-0330
11Citizens Business Bank701 N. Haven Ave.Ontario 91764cbbank.com
1.251.12
739625
7,6917,418
6,0115,643
5471974Ontario
Christopher D. MyersCEO, President(909) 980-4030
12Community Bank460 Sierra Madre VillaPasadena 91107cbank.com
1.201.13
712627
3,4483,505
2,6292,582
4181983Pasadena
David MischCEO(800) 788-9999
13California United Bank818 W. Seventh St., Suite 220Los Angeles 90017cunb.com
1.151.01
681564
2,4711,429
2,1431,250
4102005Los Angeles
David I. RainerChairman, CEO(213) 430-7000
14Luther Burbank Savings804 Fourth St.Santa Rosa 95404lutherburbanksavings.com
1.041.18
618658
3,9763,761
3,0493,146
291983Santa Rosa
John BiggsCEO, President(800) 578-9216
15California Bank & Trust550 S. Hope St.Los Angeles 90071calbanktrust.com
0.810.82
481457
11,84311,076
10,1959,465
7981972San Diego
Betty Rengifo UribeExecutive V.P., Business andPersonal Banking Division(213) 228-1700
16Rabobank N.A.915 Highland Pointe Drive, Suite 350Roseville 95678rabobankamerica.com
0.700.81
416454
15,05214,310
11,82010,809
41091981Roseville
Mark BorreccoCEO(800) 942-6222
17Comerica Bank601 S. Figueroa St., Suite 1200Los Angeles 90017comerica.com
0.560.58
333322
69,92765,243
59,28655,081
64761849Detroit
Mike DokmanovichPresident, L.A. and OrangeCounties(800) 522-2265
18Boston Private Bank & Trust16000 Ventura Blvd.Encino 91436bostonprivatebank.com
0.550.57
324320
6,8676,204
5,4945,004
4231983Boston
Nick HoferRegional Executive Director,West Coast Market Leader(818) 501-1700
19BBCN Bank3731 Wilshire Blvd., Suite 1000Los Angeles 90010bbcnbank.com
0.450.42
266235
7,3286,862
5,7655,482
3511986Los Angeles
Kevin S. KimChairman, CEO, President(213) 639-1700
20First Republic Bank1888 Century Park EastLos Angeles 90067firstrepublic.com
0.420.37
246205
53,11946,229
41,88835,034
1711985San Francisco
Mary DeckebachRegional Managing Director(877) 743-7777
1 CIT Bank N.A. acquired and operates OneWest Bank.Notes: Data for this report was taken from the Federal Deposit Insurance Corp. websitereports as of June 30. Banks are ranked by deposits at San Fernando Valley area branches.Additional research was done by the SFVBJ. To the best of our knowledge this informationis accurate as of press time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes occur. Pleasesend corrections or additions on company letterhead to the Research [email protected] © 2015 San Fernando Valley Business Journal. This list may not bereprinted in whole without prior written permission of the editor. Reprints are availablefrom Wright's Media. (877) 652-5295 or e-mail [email protected]
Researched by David Nusbaum
THE LIST NexT ISSUe MBA Programs
THE PACESETTER: Wells Fargo tops the list of the largest financial institutions ranked by deposits according to data provided by the Financial Deposit Insurance Corp. The bank had $12.8 billion in deposits at local branches as of June 30, an $800 million increase from last year. That accounts for 21.6 percent of deposits in the market. The San Francisco-based bank has 83 branches in the greater San Fernando Valley area.
FINANCIAL INSTITUTIONSranked by deposits in valley-area branches as of June 30
ENCINO: California United Bank relocated its headquarters from Encino to downtown Los Angeles when it completed its acquisition of 1st Enterprise Bank in December.
Continued on page 10
1
13
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’11 ’12 ’13 ’14 ’15
750
690
630
570
510
450
631
622
630
636
637
Market Rebound
2010 2011 2012 2013 2014
’11 ’12 ’13 ’14 ’15
22.0%
21.5
21.0
20.5
20.0
19.5
19.0
4,578
4,456
4,289
4,146
4,068
Shaking Out
2010 2011 2012 2013 2014
’11 ’12 ’13 ’14 ’15
$12
11
10
9
8
7
’11 ’12 ’13 ’14 ’15
$60
58
56
54
52
50
’11 ’12 ’13 ’14 ’15
515
511
507
503
499
495
Check, PleaseTotal deposits at Valley-area branches as of June 30. (in billions)
Source: Federal Deposit Insurance Corp.
08-14_list_banks_credit_unions.i8 8 10/14/2015 7:02:47 PM
Continued from page 8FINANCIAL INSTITUTIONS
($ in millions)Rank Bank• name
• address
• website
Market Share• 2015
• 2014 SFV Deposits• 2015
• 2014
Total Assets• 2015
• 2014
Total Deposits• 2015
• 2014
Profile• local branches
• total branches
• year established
• headquarters
Top Local Executive• name
• title
• phone
21East West Bank135 N. Los Robles Ave., Seventh FloorPasadena 91101eastwestbank.com
0.40%0.45%
$235$253
$29,977$27,431
$25,681$23,077
31241972Pasadena
Dominic NgChairman, CEO(626) 768-6000
22Mission Valley Bank9116 Sunland Blvd.Sun Valley 91352missionvalleybank.com
0.390.38
230213
270253
230213
222001Sun Valley
Tamara GurneyCEO, President(818) 394-2300
23Wilshire Bank3200 Wilshire Blvd.Los Angeles 90010wilshirebank.com
0.370.29
218162
4,5853,676
3,9122,982
1341980Los Angeles
Jae Whan YooCEO, President(213) 387-3200
24First Bank4301 MacArthur Blvd.Newport Beach 92660firstbanks.com
0.360.37
214204
6,0505,793
5,0794,816
41281906Creve Coeur, Mo.
John S. GrautenPresident, California(949) 476-3255
25HSBC Bank USA N.A.660 S. Figueroa St.Los Angeles 90017hsbcusa.com
0.350.28
207158
190,500174,566
137,882128,695
22331865New York
David MacdonaldRegional CommercialExecutive(213) 553-8032
26Grandpoint Bank355 S. Grand Ave., Suite 2400Los Angeles 90071grandpointbank.com
0.330.26
193146
3,0532,461
2,2822,136
1192007Los Angeles
Don M. GriffithChairman, CEO(213) 542-2700
27Bank of Santa Clarita23780 Magic Mountain ParkwaySanta Clarita 91355bankofsantaclarita.com
0.310.33
184183
270274
184183
222004Santa Clarita
Frank D. Di TomasoExecutive Chairman, CEO(661) 362-6000
28Manufacturers Bank515 S. Figueroa St., Fourth FloorLos Angeles 90071manufacturersbank.com
0.250.24
147133
2,5492,341
1,9921,885
3101962Los Angeles
Masaya InagakiChairman, CEO(213) 489-6720
29Americas United Bank801 N. Brand Blvd., Suite 1150Glendale 91203aubank.com
0.230.23
136130
169163
139134
252006Glendale
Adriana M. BoekaCEO, President(818) 637-7000
30Opus Bank19900 MacArthur Blvd., 12th FloorIrvine 92612opusbank.com
0.200.14
11981
5,8334,346
4,5953,158
2601993Irvine
Stephen H. GordonChairman, CEO, President(949) 250-9800
31Hanmi Bank3660 Wilshire Blvd., Suite ALos Angeles 90010hanmi.com
0.180.21
104119
3,9663,092
3,4572,560
2461982Los Angeles
C.G. KumCEO, President(213) 427-5722
32HomeStreet Bank1601 Union St., Suite 2000Seattle 98101homestreet.com
0.170.23
103127
4,8433,212
3,3372,421
1411986Seattle
Mark MasonChairman, CEO, President(800) 654-1075
33Cathay Bank777 N. BroadwayLos Angeles 90012cathaybank.com
0.170.17
10195
11,88611,538
9,3698,608
1531962El Monte
Dunson K. ChengCEO, President(213) 625-4700
34Umpqua Bank445 S.E. Main St.Roseburg, Ore. 97470umpquabank.com
0.170.11
9859
22,79522,060
17,24716,447
23341953Portland, Ore.
Raymond P. DavisCEO(866) 486-7782
35California Republic Bank18400 Von Karmen Ave., Suite 1100Irvine 92612crbnk.com
0.130.12
7767
1,483948
1,226868
142007Irvine
Jon WilcoxCEO(949) 270-9700
36First-Citizens Bank & Trust Co.239 Fayetteville St.Raleigh, N.C. 27601firstcitizens.com
0.110.11
6564
30,80421,730
26,56718,599
25671898Raleigh, N.C.
Frank B. Holding Jr.Chairman, CEO(888) 323-4732
37Mission Bank1330 Truxtun Ave.Bakersfield 93301missionbank.com
0.090.07
5339
425407
382367
171998Bakersfield
A.J. AntongiovanniCEO, President(661) 859-2500
38Montecito Bank & Trust1000 State St.Santa Barbara 93101montecito.com
0.080.06
4833
1,2051,151
1,0621,021
191975Santa Barbara
Janet A. GarufisCEO, President(800) 348-0146
39Seacoast Commerce Bank11939 Rancho Bernardo Road, Suite 200San Diego 92128sccombank.com
0.070.10
4357
463356
418324
142003San Diego
Richard M. SanbornCEO, President(858) 432-7000
40County Commerce Bank2357-B Pickwick DriveCamarillo 93010countycommercebank.com
0.060.05
3531
253237
216209
132003Ventura
Joseph KreutzCEO, President(805) 482-7600
1 HomeStreet Bank acquired Simplicity Bank in March.Notes: Data for this report was taken from the Federal Deposit Insurance Corp. websitereports as of June 30. Banks are ranked by deposits at San Fernando Valley area branches.Additional research was done by the SFVBJ. To the best of our knowledge this informationis accurate as of press time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes occur. Pleasesend corrections or additions on company letterhead to the Research [email protected] © 2015 San Fernando Valley Business Journal. This list may not bereprinted in whole without prior written permission of the editor. Reprints are availablefrom Wright's Media. (877) 652-5295 or e-mail [email protected]
Researched by David Nusbaum
10 San fernando valley BUSIneSS JoUrnal The lisT octoBer 19, 2015
Continued on page 12
SEATTLE: HomeStreet Bank acquired Simplicity Bank in March. The bank operates a branch in Panorama City.
32
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’11 ’12 ’13 ’14 ’15
750
690
630
570
510
450
631
622
630
636
637
Market Rebound
2010 2011 2012 2013 2014
’11 ’12 ’13 ’14 ’15
22.0%
21.5
21.0
20.5
20.0
19.5
19.0
4,578
4,456
4,289
4,146
4,068
Shaking Out
2010 2011 2012 2013 2014
’11 ’12 ’13 ’14 ’15
$12
11
10
9
8
7
’11 ’12 ’13 ’14 ’15
$60
58
56
54
52
50
’11 ’12 ’13 ’14 ’15
515
511
507
503
499
495
In the BankThe number of Valley-area commercial bank branches.
Source: Federal Deposit Insurance Corp.
08-14_list_banks_credit_unions.i10 10 10/15/2015 1:13:13 PM
12 San fernando valley BUSIneSS JoUrnal octoBer 19, 2015
($ in millions)Rank Credit Union• name
• address
• website
Assets• 2015
• 2014
• percent change
Deposits• 2015
• 2014
• percent change
Net Income• 2015
• 2014
Members Profile• # of branches
• year established
Top Executive• name
• title
• phone
1Logix Federal Credit Union2340 N. Hollywood WayBurbank 91505logixbanking.com
$4,081$3,834
6%
$3,354$2,939
14%
$30.7$25.2
149,882 151937
David M. StylerCEO, President(800) 328-5328
2Premier America Credit Union19867 Prairie St.Chatsworth 91311premier.org
1,7861,574
13
1,5911,352
18
8.76.9
82,201 211957
John M. MerloCEO, President(800) 772-4000
3California Credit Union701 N. Brand Blvd.Glendale 91203californiacu.org
1,4651,219
20
1,12496816
6.16.6
87,197 131933
Ronald L. McDanielCEO(800) 334-8788
4Caltech Employees Federal Credit Union528 Foothill Blvd.La Canada Flintridge 91011caltechefcu.org
1,3691,300
5
1,2171,163
5
5.55.0
31,368 31950
Richard L. HarrisCEO, President(800) 592-3328
5Partners Federal Credit Union100 N. First St., Suite 400Burbank 91502partnersfcu.org
1,3531,238
9
1,17694724
11.05.4
116,042 121968
John JanclaesCEO, President(800) 948-6677
6Los Angeles Federal Credit Union300 S. Glendale Ave.Glendale 91205lafcu.org
834795
5
72463514
1.82.7
53,794 81936
John T. DeaCEO, President(818) 242-8640
7Los Angeles Police Federal Credit Union16150 Sherman WayVan Nuys 91406lapfcu.org
829794
4
72461218
0.41.3
38,636 41959
G. Michael PadgettCEO, President(818) 787-6520
8Glendale Area Schools Federal Credit Union1800 Broadview DriveGlendale 91208gasfcu.org
346338
3
30122733
1.41.3
11,640 21937
Stuart J. PerlitshCEO(818) 248-7425
9Pacific Oaks Federal Credit Union761 Daily Drive, Suite 200Camarillo 93010pacificoaksfcu.org
307302
2
278263
6
0.30.2
20,311 61948
Marianne BlitschCEO, President(805) 384-1100
10Burbank City Federal Credit Union1800 W. Magnolia Blvd.Burbank 91506burbankcity.org
271261
4
24621614
0.9(0.0)
16,774 11940
Darin GuggenheimerCEO, President(818) 846-1710
Notes:( ) in the Net Income column denotes a negative number. NA: Not Available. To beeligible for the list, credit unions had to be based in the greater San Fernando Valley area.
Credit unions were ranked by their assets as of June 30, 2015. Financial data was obtainedthrough the National Credit Union Administration's website.
Researched by David Nusbaum
THE LIST NexT ISSUe MBA Programs
THE PACESETTER: Logix Federal Credit Union remained the largest credit union headquartered in the Valley with $4.1 billion in assets as of June 30. That’s a 6 percent increase from a year earlier. The Burbank institution was founded as the Lockheed Aircraft Federal Credit Union in 1937. It was chartered with 131 members and less than $4,000 in assets. It changed its name to Logix in 2012 to reflect its current membership policy, which is open to the general public. It had 149,882 members as of June 30.
CReDIT UNIONSvalley-based; ranked by assets as of June 30
MERGER: In August, Premier America Credit Union in Chatsworth merged with Pacific Oaks Federal Credit Union in Camarillo. NBC Universal Employees Federal Credit Union in Burbank merged into Premier America last year.
1
Continued from page 10FINANCIAL INSTITUTIONS
($ in millions)Rank Bank• name
• address
• website
Market Share• 2015
• 2014 SFV Deposits• 2015
• 2014
Total Assets• 2015
• 2014
Total Deposits• 2015
• 2014
Profile• local branches
• total branches
• year established
• headquarters
Top Local Executive• name
• title
• phone
41State Bank of India (California)707 Wilshire Blvd., Suite 2900Los Angeles 90017sbical.com
0.06%0.05%
$35$30
$752$670
$574$515
1111982Los Angeles
V.S. ThirumalaiappanCEO(213) 623-7250
42Royal Business Bank660 S. Figueroa St., Suite 1888Los Angeles 90017royalbusinessbankusa.com
0.060.03
3419
1,006807
858672
162008Los Angeles
Alan ThianCEO, President(213) 627-9888
43Plaza Bank118200 Von Karman Ave., Suite 500Irvine 92612plazabank.com
0.050.05
3130
1,039533
872453
172005Irvine
Gene GallowayCEO, President(949) 502-4300
44Preferred Bank601 S. Figueroa St.Los Angeles 90017preferredbank.com
0.05NA
29NA
2,1701,904
1,8831,650
1121991Los Angeles
Li YuChairman, CEO(213) 891-1188
45Community West Bank N.A.5827 Hollister Ave.Goleta 93117communitywestbank.com
0.040.05
2328
587557
502473
161989Goleta
Martin PlourdCEO, President(805) 681-3366
46National Bank of California12121 Wilshire Blvd., 14th FloorLos Angeles 90025nbcal.com
0.040.05
2229
372337
336313
141982Los Angeles
Henry HomsherCEO, President(310) 882-4800
47Bank of the Sierra290 N. Main St.Porterville 93257bankofthesierra.com
0.030.03
1817
1,7321,495
1,4741,252
1291978Porterville
Kevin McPhaillCEO, President(888) 454-2265
48United Business Bank F.S.B.3100 Hegenberger Road, Suite 110Oakland 94621unitedbusinessbank.com
0.030.02
1614
378350
337311
191990Oakland
Malcolm HotchkissCEO(800) 734-6888
49Community Commerce Bank358 W. Foothill Blvd.Claremont 91711ccombank.com
0.020.03
1418
183207
98124
141976Claremont
William LasherPresident(909) 450-2050
1 Plaza Bank acquired Bank of Manhattan in June.2 Bank of the Sierra acquired Santa Clara Valley Bank in November.3 United Labor Bank changed its name to United Business Bank in December.Notes: Data for this report was taken from the Federal Deposit Insurance Corp. websitereports as of June 30. Banks are ranked by deposits at San Fernando Valley area branches.Additional research was done by the SFVBJ. To the best of our knowledge this information
is accurate as of press time. While every effort is made to ensure the accuracy andthoroughness of the list, omissions and typographical errors sometimes occur. Pleasesend corrections or additions on company letterhead to the Research [email protected] © 2015 San Fernando Valley Business Journal. This list may not bereprinted in whole without prior written permission of the editor. Reprints are availablefrom Wright's Media. (877) 652-5295 or e-mail [email protected]
Researched by David Nusbaum
Continued on page 14
2
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’11 ’12 ’13 ’14 ’15
750
690
630
570
510
450
631
622
630
636
637
Market Rebound
2010 2011 2012 2013 2014
’11 ’12 ’13 ’14 ’15
22.0%
21.5
21.0
20.5
20.0
19.5
19.0
4,578
4,456
4,289
4,146
4,068
Shaking Out
2010 2011 2012 2013 2014
’11 ’12 ’13 ’14 ’15
$12
11
10
9
8
7
’11 ’12 ’13 ’14 ’15
$60
58
56
54
52
50
’11 ’12 ’13 ’14 ’15
515
511
507
503
499
495
Market LeaderWells Fargo’s annual Valley-area market share.
Source: Federal Deposit Insurance Corp.
08-14_list_banks_credit_unions.i12 12 10/14/2015 7:03:06 PM
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