Open Bank
Overview / Commentary
Open Bank is headquartered in Los Angeles and is the 74th largest bank in the state of California. It is also the 1,063rd largest bank in the nation. It was established in 2005 and as of June of 2016, it had grown to 126 employees at 7 locations. Open Bank has an A+ health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57944 |
| Year Established | 2005 |
| Employees | 126 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.98% |
| Return on Equity - YTD | 8.53% |
| Annual Interest Income | $14.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $673.3MM$564.8MM |
| Loans | Q2 2016vs Q2 2015 | $579.5MM$459.9MM |
| Deposits | Q2 2016vs Q2 2015 | $581.7MM$480.7MM |
| Equity Capital | Q2 2016vs Q2 2015 | $76.5MM$69.1MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $7.1MM$5.9MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $0$428.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Rates
Sorry, we do not have rate data for Open Bank.
Locations
| Open Bank Locations | ||
|---|---|---|
| Open Bank | 1000 Wilshire Boulevard, Suite 100 | Los Angeles, CA 90017 |
| Gardena Branch | 15435 S. Western Avenue, #d | Gardena, CA 90249 |
| Buena Park (Fullerton) Branch | 5141 Beach Blvd., Units E & F, Building 2 | Buena Park, CA 90621 |
| Aroma Center Bank | 3680 Wilshire Blvd., Suite 101 | Los Angeles, CA 90010 |
| Fashion District Branch | 747 E. 10th Street, #310 & 311 | Los Angeles, CA 90021 |
| Olympic Branch | 3030 W. Olympic Blvd, Suite 101 | Los Angeles, CA 90006 |
| Western Branch | 550 South Western Avenue | Los Angeles, CA 90020 |