Pacific City Bank is headquartered in Los Angeles and is the 46th largest bank in the state of California. It is also the 512th largest bank in the nation. It was established in 2003 and as of March of 2021, it had grown to 246 employees at 13 locations. Pacific City Bank has an A+ health rating.
Installment Savings- 1 Year At 3.00% (3.05%)
I would have to say that DepositAccounts.com has done an excellent job of informing readers of the available installment savings products to everyone.
One reason that I like Pacific City Bank is that their service is great and usually their installment savings accounts have higher rates than the "big four" Korean American banks which are Hanmi, Wilshire State, Center, and Nara Banks. For a small saver and regular person like me, every cent counts!
Right now, if you either have a Pacific City Bank checking or savings account, their one year installment savings has a rate of 3.00% (APY 3.05%).
They have locations in Los Angeles, Fullerton/Buena Park, Rowland Heights/Diamond Bar, Torrance, Cerritos/Artesia areas.
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57463 |
| Year Established | 2003 |
| Employees | 246 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.75% |
| Return on Equity - YTD | 14.9% |
| Annual Interest Income | $19.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $2.05B$1.80B |
| Loans | Q1 2021vs Q1 2020 | $1.66B$1.45B |
| Deposits | Q1 2021vs Q1 2020 | $1.76B$1.48B |
| Equity Capital | Q1 2021vs Q1 2020 | $235.8MM$220.6MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $25.5MM$16.7MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $1.5MM$4.1MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $2.3MM$376.00K |
