Pacific Alliance Bank is headquartered in Rosemead and is the 128th largest bank in the state of California. It is also the 2,510th largest bank in the nation. It was established in 2006 and as of June of 2016, it had grown to 22 employees at 2 locations. Pacific Alliance Bank's savings rates are 2X the national average, and it boasts an A+ health rating.
I found Pacific Alliance a couple of years ago, when chasing CD interest rates. They had a 1.68% APY 2-year CD rate at the time, a special deal. I’d had my CD all over the U.S. at banks i’d never seen; it was a coincidence that Pacific Alliance was near me (easy drive or long bicycle ride).
A few months after setting up the CD, i moved my local “brick and mortar” checking account from Chase to Pacific Alliance. I’m quite happy and have no regrets. Sure, it’s a bit less convenient to bicycle many miles to their one branch vs. going to one of Chase’s bazillion branches, but it’s worth it to be out of a too-big-to-fail megabank. Pacific Alliance provides friendly, traditional bank services. It is the kind of place where they remember your name.
I’m a paper check kinda guy (for local banking, at least), so i do not have experience with Pacific Alliance’s online interface.
The great CD rate expired and they couldn’t come close to matching some of the better (as in: least worst) rates out there when i asked, so that’s done, but i plan to keep my free (local) checking with them. I definitely recommend locals consider Pacific Alliance, and personally i’d trust them as an “away” customer if in the future they offer any good deals.
|FDIC Certificate #||58234|
|Return on Assets - YTD||1.2%|
|Return on Equity - YTD||10.7%|
|Annual Interest Income||$4.9MM|
|Assets and Liabilities|
|Assets||Q2 2016vs Q2 2015||$253.4MM$241.6MM|
|Loans||Q2 2016vs Q2 2015||$199.6MM$183.1MM|
|Deposits||Q2 2016vs Q2 2015||$201.4MM$195.6MM|
|Equity Capital||Q2 2016vs Q2 2015||$30.0MM$24.6MM|
|Loan Loss Allowance||Q2 2016vs Q2 2015||$3.8MM$3.8MM|
|Unbacked Noncurrent Loans||Q2 2016vs Q2 2015||$185.00K$2.1MM|
|Real Estate Owned||Q2 2016vs Q2 2015||$0$0|
Always verify rates and promotions with the bank or credit union. We are not Pacific Alliance Bank; we are a rate comparison website and cannot provide official rates or promotions.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|1.28%||$25k||-||Super Savings (Promotional Rate)|
|Pacific Alliance Bank Locations|
|Pacific Alliance Bank||8400 East Valley Boulevard||Rosemead, CA 91770|
|Rowland Heights Branch||18253 Colima Road #101||Rowland Heights, CA 91748|