2. Bank of Hope (Los Angeles, CA)

Bank of Hope (Los Angeles, CA)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.70%5-year CD5 Year CD
2.03% - National Average
0.95%1-year CD12 Month Flex CD
2.45% - Synchrony Bank 12 Month CDAdvertisement
0.15%SavingsPersonal Savings Account
1.80% - American Express National Bank High Yield Savings AccountAdvertisement
View all Bank of Hope (Los Angeles, CA) rates »

Overview / Commentary
www.bbcnbank.com
213-639-1700
3731 Wilshire Boulevard, Suite 1000
Los Angeles, CA 90010

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Reviews (2)

Center Bank, Los Angeles Koreatown

Posted by: me1004 | Jun 17, 2010

Center Bank is one of the several Korean banks in Los Angeles. It has several branches, around 25 in all, but the main one is on Wilshire Boulevard in the heart of Koreatown. Most are in Southern California, some in Northern California, but also in Chicago and Seattle. 

Two or three different times over the past few years, I have had a CD with them. They are definitely one to watch for good specials to come out  -- although none at the moment. I also note, they have been willing to -- and aggressive in -- negotiating CD rates in the past, but of course, the conditions at the time will dictate that. 

I also note, they pay simple interest, so the annual percentage rate is the same as the annual percentage yield; there is no compounding. That also means there is nearly no advantage to leaving your interest in the CD, you might as well have it sent out monthly and put it in another interest-bearing account so you earn even more.

I found it pleasant to deal with them. However, don't forget there is a serious language difference -- unless you happen to speak Korean -- so be very precise in what you say, speak slowly, and repeat what they say very precisely to your understanding -- or you might find some communication misunderstandings. 

Most operations are the same as most American banks -- but not necessarily all the little details, so make sure you go over anything pertinent to you. 

The account clerks -- well, all that I saw in multiple branches were woman; I wonder if that is intentional or just coincidental. But they are very Korean, import models, and dress accordingly -- somewhat more professionally dressed than Americans, and cute, as is common in many Asian cultures -- and act accordingly -- somewhat more submissive personalities even as they may be being aggressive. The managers, though -- they are just tougher, although polite. They don't necessarily understand all the many details of common American banking or financial interests, but they are familiar with most. (I had most difficulty dealing with adding a Power of Attorney to my accounts -- I often have some trouble with that, but at Center Bank the trouble seems to be a lack of complete understanding of American legalities, as in the difference between an account holder and a power of attorney.) 

They also surprised with with a little gift last time I opened an account with them, a choice of a very small physical size -- little more than the size of a chicklet gum -- 2 GB flash drive or something else; I chose the flash drive.

Also, during my time there, they even e-mailed out looking for any input, how they might do even better. I take that as a good sign. And their online banking was clear and easy.

I had no trouble with any transactions with Center Bank. They were prompt, courteous and helpful. 

I would be happy to do business with them again -- if they should bring their rates back up again. 

6

Poor Service And Fraud Protection

Posted by: Adridan | May 30, 2015

The only thing I can say is they have reasonable fees for services but you get what you pay for. Please do not put your money here.

Twice I had my account security breached. (I should of learned after the first time). But have since closed my account .
Neither time that I had money stolen from my account was I reimbursed.

In the locations I frequented the sole ATM's would be out of order for days at a time. It is not that the customer service people are rude it is they are not really interested in being helpful or try to be in any way proactive with assistance. To get them to do anything is almost like pulling teeth.


Stay away!!

1


Health
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Data as of Q2 2018

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Health Grade Components

Overall
FDIC Certificate #26610
Year Established1986
Employees1504
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.42%
Return on Equity - YTD9.96%
Annual Interest Income$310.3MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$14.87B$13.85B
LoansQ2 2018vs Q2 2017$11.62B$10.75B
DepositsQ2 2018vs Q2 2017$11.77B$10.97B
Equity CapitalQ2 2018vs Q2 2017$2.16B$1.98B
Loan Loss AllowanceQ2 2018vs Q2 2017$89.9MM$80.1MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$83.7MM$63.2MM
Real Estate OwnedQ2 2018vs Q2 2017$8.7MM$21.8MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Bank of Hope (Los Angeles, CA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*†$5k*-Personal Reserve Account
OTHER TIERS: 0.25% → Up to $5k
0.15%*†$25k*-Personal Savings Account
OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $25k

Bank of Hope (Los Angeles, CA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*†$250k*$500kPrestige Money Market
OTHER TIERS: 0.01% → Up to $25k | 0.95% → $25k - $50k | 1.00% → $50k+ | 1.41% → $100k - $250k
1.51%*†$250k*$500kBusiness Prestige Money Market
OTHER TIERS: 0.01% → Up to $25k | 0.95% → $25k - $50k | 1.00% → $50k+ | 1.41% → $100k - $250k
0.75%*†$1m*-Money Market Account
OTHER TIERS: 0.10% → Up to $50k | 0.30% → $50k - $100k | 0.55% → $100k - $500k | 0.65% → $500k - $1m
0.75%*†$1m*-Business Money Market Account
OTHER TIERS: 0.10% → Up to $50k | 0.30% → $50k - $100k | 0.55% → $100k - $500k | 0.65% → $500k - $1m

Bank of Hope (Los Angeles, CA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*†$25k*-Interest Checking Account
OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $25k
0.15%*†$25k*-Business Interest Checking Account
OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $25k

Bank of Hope (Los Angeles, CA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%†$5k$100k60 Month Installment Savings Account
2.79%†$5k$100k48 Month Installment Savings Account
2.60%$1k$230k18 Month Bonus Rate CD Special (New Money Only)
2.55%$1k$230k13 Month Bonus Rate CD Special (New Money Only)
2.50%$1k$230k18 Month CD Special (New Money Only)
2.45%$1k$230k13 Month CD Special (New Money Only)
2.45%$1k$230k12 Month Bonus Rate CD Special (New Money Only)
2.35%$1k$230k12 Month CD Special (New Money Only)
2.02%†$5k$100k36 Month Installment Savings Account
1.77%†$5k$100k24 Month Installment Savings Account
1.70%*†$50k*$200k5 Year CD
OTHER TIERS: 1.60% → $1k+
1.70%*†$50k*$200kBusiness 5 Year CD
OTHER TIERS: 1.60% → $1k+
1.60%*†$50k*$200k4 Year CD
OTHER TIERS: 1.50% → $1k+
1.60%*†$50k*$200kBusiness 4 Year CD
OTHER TIERS: 1.50% → $1k+
1.51%†$5k$100k12 Month Installment Savings Account
1.50%*†$50k*$200k3 Year CD
OTHER TIERS: 1.40% → $1k+
1.50%*†$50k*$200kBusiness 3 Year CD
OTHER TIERS: 1.40% → $1k+
1.40%*†$50k*$200kBusiness 2 Year CD
OTHER TIERS: 1.30% → $1k+
1.40%*†$50k*$200k2 Year CD
OTHER TIERS: 1.30% → $1k+
1.30%*†$50k*$200k18 Month CD
OTHER TIERS: 1.20% → $1k+
1.30%*†$50k*$200kBusiness 18 Month CD
OTHER TIERS: 1.20% → $1k+
1.25%*†$50k*$200kBusiness 12 Month CD
OTHER TIERS: 1.15% → $1k+
1.25%*†$50k*$200k12 Month CD
OTHER TIERS: 1.15% → $1k+
1.05%†$5k$250k18 Month Flex CD
0.95%†$5k$250k12 Month Flex CD
0.90%*†$50k*$200k6 Month CD
OTHER TIERS: 0.80% → $1k+
0.90%*†$50k*$200kBusiness 6 Month CD
OTHER TIERS: 0.80% → $1k+
0.80%*†$50k*$200k3 Month CD
OTHER TIERS: 0.70% → $1k+
0.80%*†$50k*$200kBusiness 3 Month CD
OTHER TIERS: 0.70% → $1k+
0.70%*†$50k*$200k1 Month CD
OTHER TIERS: 0.60% → $1k+
0.70%*†$50k*$200kBusiness 1 Month CD
OTHER TIERS: 0.60% → $1k+

Bank of Hope (Los Angeles, CA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%*†$50k*$200k18 Month IRA CD
OTHER TIERS: 1.20% → $1k+
1.25%*†$50k*$200k12 Month IRA CD
OTHER TIERS: 1.15% → $1k+
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