LATimes B2B Publishing is proud to present the list of the 50 largest banks headquartered in Southern California ranked by assets. Financial information is current as of September 30, 2023, and was provided by the Federal Deposit Insurance Corp., which regulates banks.
In November, Banc of California completed a merger with Pac West Bancorp. The combined bank operates under the Banc of California name and brand and is headquartered in Los Angeles. It now operates more than 70 branches in California, Colorado and North Carolina. As of September 30, 2023, the banks held combined assets of $46 billion. However, they sold assets worth approximately $1.9 billion as part of a balance sheet repositioning strategy in conjunction with the merger. Further more, Banc of California separately sold a $1.8 billion single-family residential mortgage portfolio.
On January 30, 2024, San Diego-based Southern California Bancorp, the holding company for Bank of Southern California, and Walnut Creek-based California BanCorp, the holding company for California Bank of Commerce, jointly announced the execution of a definitive merger agreement. The transaction is expected to close in the third quarter of 2024.
City National Bank, which is a subsidiary of Royal Bank of Canada, leads the list with $96.8 billion in assets. Overall, the 50 largest banks headquartered in Southern California hold $415 billion in assets as of September 30. They employ more than 25,000 people and operate more than 900 branches.
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City National Bank
cnb.com
Total Assets: $96.8 billion
Established: 1954
Employees: 6,500
Branches: 65
Headquarters: Los Angeles
Howard Hammond
Chief Executive Officer
East West Bank
eastwestbank.com
Total Assets: $68.2 billion
Established: 1973
Employees: 3,179
Branches: 126
Headquarters: Pasadena
Dominic Ng
Chairman & CEO
Banc of California
bancofcal.com
Total Assets: $46 billion
Established: 1941
Employees: 2,100
Branches: 80
Headquarters: Los Angeles
Jared Wolff
CEO & President
Cathay Bank
cathaybank.com
Total Assets: $22.8 billion
Established: 1962
Employees: 1,218
Branches: 64
Headquarters: Los Angeles
Chang Liu
CEO & President
Pacific Premier Bank
ppbi.com
Total Assets: $20.3 billion
Established: 1983
Employees: 1,356
Branches: 60
Headquarters: Irvine
Steven Gardner
Chairman & CEO
Bank of Hope
bankofhope.com
Total Assets: $20.1 billion
Established: 1980
Employees: 1,253
Branches: 54
Headquarters: Los Angeles
Kevin Kim
Chairman, CEO & President
Axos Bank
axosbank.com
Total Assets: $19.9 billion
Established: 2000
Employees: 1,218
Branches: 2
Headquarters: San Diego
Gregory Garrabrants
CEO & President
Citizens Business Bank
cbbank.com
Total Assets: $15.9 billion
Established: 1974
Employees: 1,046
Branches: 69
Headquarters: Ontario
David Brager
CEO & President
First Foundation Bank
firstfoundationinc.com
Total Assets: $13 billion
Established: 1990
Branches: 30
Employees: 576
Headquarters: Irvine
Christopher Naghibi
EVP, Chief Operating Officer
Farmers & Merchants Bank
fmb.com
Total Assets: $12.5 billion
Established: 1907
Employees: 815
Branches: 26
Headquarters: Long Beach
Henry Walker
Chief Executive Officer
Hanmi Bank
hanmi.com
Total Assets: $7.33 billion
Established: 1982
Employees: 610
Branches: 43
Headquarters: Los Angeles
Bonnie Lee
CEO & President
Preferred Bank
preferredbank.com
Total Assets: $6.63 billion
Established: 1991
Employees: 305
Branches: 17
Headquarters: Los Angeles
Li Yu
Chairman & CEO
First American Trust FSB
firstamtrust.com
Total Assets: $6.22 billion
Established: 1985
Employees: 186
Branches: 10
Headquarters: Santa Ana
Matt McCreadie
Chief Executive Officer
Mizrahi Tefahot Bank USA
umtbusa.com
Total Assets: $5.81 billion
Established: 1923
Employees: NA
Branches: 1
Headquarters: Los Angeles
Eitan Sapir
Head of U.S. Banking
CTBC Bank (USA)
ctbcbankusa.com
Total Assets: $5.2 billion
Established: 1989
Employees: 375
Branches: 21
Headquarters: Los Angeles
Noor Menai
Chief Executive Officer
SMBC MANUBANK
smbcmanubank.com
Total Assets: $4.74 billion
Established: 1962
Employees: 745
Branches: 9
Headquarters: Los Angeles
Kazuhisa Miyagawa
Chairman & CEO
Royal Business Bank
royalbusinessbankusa.com
Total Assets: $4.07 billion
Established: 2008
Employees: 380
Branches: 25
Headquarters: Los Angeles
David Morris
Chief Executive Officer
American Business Bank
americanbb.bank
Total Assets: $3.87 billion
Established: 1998
Employees: 241
Branches: 8
Headquarters: Los Angeles
Leon Blankstein
Chief Executive Officer
PCB Bank
mypcbbank.com
Total Assets: $2.57 billion
Established: 2003
Employees: 270
Branches: 16
Headquarters: Los Angeles
Henry Kim
CEO & President
Bank of Southern California
banksocal.com
Total Assets: $2.32 billion
Established: 2001
Branches: 13
Employees: 201
Headquarters: San Diego
David Rainer
Chairman & CEO
Commercial Bank of California
cbcal.com
Total Assets: $2.25 billion
Established: 2003
Branches: 7
Employees: 201
Headquarters: Irvine
Ash Patel
Chairman, CEO & President
Open Bank
myopenbank.com
Total Assets: $2.14 billion
Established: 2005
Employees: 231
Branches: 16
Headquarters: Los Angeles
Min Kim
CEO & President
Montecito Bank & Trust
montecito.bank
Total Assets: $2.08 billion
Established: 1975
Employees: 283
Branches: 16
Headquarters: Santa Barbara
Janet Garufis
Chairman & CEO
CalPrivate Bank
calprivate.bank
Total Assets: $2.07 billion
Established: 2006
Employees: 200
Branches: 6
Headquarters: La Jolla
Rick Sowers
CEO & President
CBB Bank
cbb-bank.com
Total Assets: $1.86 billion
Established: 2005
Employees: 169
Branches: 14
Headquarters: Los Angeles
James Hong
CEO & President
Malaga Bank
malagabank.com
Total Assets: $1.55 billion
Established: 1985
Branches: 6
Employees: 71
Headquarters: Palos Verdes Estates
Randy Bowers
CEO & President
Provident Savings Bank
myprovident.com
Total Assets: $1.31 billion
Established: 1956
Branches: 14
Employees: 158
Headquarters: Riverside
Donavon Ternes
CEO & President
American Riviera Bank
americanriviera.bank
Total Assets: $1.27 billion
Established: 2006
Employees: 137
Branches: 7
Headquarters: Santa Barbara
Jeff DeVine
CEO & President
US Metro Bank
usmetrobank.com
Total Assets: $1.2 billion
Established: 2006
Employees: 139
Branches: 9
Headquarters: Garden Grove
Dong Il Kim
CEO & President
First General Bank
fgbusa.com
Total Assets: $1.16 billion
Established: 2005
Employees: 71
Branches: 5
Headquarters: Rowland Heights
Cliff Hsu
CEO & President
State Bank of India (California)
sbical.com
Total Assets: $1.15 billion
Established: 1982
Employees: 91
Branches: 7
Headquarters: Los Angeles
Salila Pande
Chief Executive Officer
CommerceWest Bank
cwbk.com
Total Assets: $1.06 billion
Established: 2001
Employees: 100
Branches: 1
Headquarters: Irvine
Ivo Tjan
Chairman, CEO & President
Nano Banc
nanobanc.com
Total Assets: $949 million
Established: 2007
Employees: 76
Branches: 2
Headquarters: Irvine
Scott Racusin
Chief Executive Officer
HCN Bank
hcnbank.com
Total Assets: $920 million
Established: 1974
Employees: 88
Branches: 6
Headquarters: Riverside
Kevin Farrenkopf
CEO & President
Evertrust Bank
evertrustbank.com
Total Assets: $887 million
Established: 1995
Employees: 88
Branches: 8
Headquarters: City of Industry
Charles Hsieh
CEO & President
C3Bank
c3bank.com
Total Assets: $861 million
Established: 1984
Employees: 54
Branches: 4
Headquarters: Encinitas
A.J. Moyer
Chief Executive Officer
First Commercial Bank USA
bankfcb.com
Total Assets: $848 million
Established: 1997
Employees: 102
Branches: 8
Headquarters: Alhambra
Jacob Chen
Chief Executive Officer
Golden State Bank
goldenstatebank.com
Total Assets: $712 million
Established: 2003
Branches: 2
Employees: 60
Headquarters: Glendale
Mercedes Herrera
CEO & President
American Plus Bank
bankaplus.com
Total Assets: $670 million
Established: 2007
Branches: 3
Employees: 45
Headquarters: Arcadia
John Nerland
CEO & President
GBC International Bank
gbcib.com
Total Assets: $607 million
Established: 1976
Employees: 86
Branches: 8
Headquarters: Los Angeles
Dennis Lam
CEO & President
Mission Valley Bank
missionvalleybank.com
Total Assets: $587 million
Established: 2001
Employees: 90
Branches: 2
Headquarters: Sun Valley
Tamara Gurney
CEO & President
First Credit Bank
cafcb.com
Total Assets: $555 million
Established: 1983
Employees: 24
Branches: 1
Headquarters: West Hollywood
Farhad Ghassemieh
Chief Executive Officer
Endeavor Bank
endeavor.bank
Total Assets: $554 million
Established: 2018
Employees: 60
Branches: 3
Headquarters: San Diego
Dan Yates
Chief Executive Officer
Liberty Bank
libertybk.com
Total Assets: $544 million
Established: 2001
Employees: 72
Branches: 4
Headquarters: Irvine
Don Griffith
Chief Executive Officer
New Omni Bank
newomnibank.com
Total Assets: $542 million
Established: 1980
Employees: 64
Branches: 3
Headquarters: Alhambra
Chris Huang
Chairman & CEO
Mega Bank
megabankusa.com
Total Assets: $471 million
Established: 2008
Employees: 54
Branches: 4
Headquarters: San Gabriel
Julian Fong
CEO & President
Chino Commercial Bank
chinocommercialbank.com
Total Assets: $465 million
Established: 2000
Employees: 58
Branches: 4
Headquarters: Chino
Dann Bowman
Chief Executive Officer
Partners Bank of California
pbofca.com
Total Assets: $458 million
Established: 2007
Employees: 43
Branches: 2
Headquarters: Mission Viejo
Michael Chambers
President
First Pacific Bank
firstpacbank.com
Total Assets: $422 million
Established: 2006
Employees: 47
Branches: 5
Headquarters: Whittier
Nathan Rogge
CEO & President
Balboa Thrift and Loan
balboathrift.com
Total Assets: $394 million
Established: 1980
Branches: 4
Employees: 90
Headquarters: Chula Vista
Debbie Escobedo
CEO & President
