Plaza Bank is headquartered in Irvine and is the 55th largest bank in the state of California. It is also the 681st largest bank in the nation. It was established in 2005 and as of March of 2016, it had grown to 146 employees at 7 locations. Plaza Bank has an A+ health rating.
We are nearing the end of our 2nd year working with Plaza Bank and I must say, it's been a delightful pleasure during what has been a trying time for most company's.
In early 2011, we set out to change banks for our company, to ease the pressure we'd been having with our current bank on our credit line and overall banking relationship. As the economic downturn spiraled in 2009 and 2010, our old bank was offering us a $1M credit line, but requiring $750,000 as cash collateral to be held. Our company was fortunate, we had the cash to post as collateral (as we are very conservative) and readily use and go up and down on our credit line to meet operating needs.
We found Plaza bank and a meeting was set with the bank President and 2 staff from the credit department. From the moment we met, it was clear they wanted a long term relationship and were willing to work with us, to carve a credit line and set of covenants that didn't constantly require us to run into issues. It was very refreshing and, in addition, they offered a longer term agreement.
Needless to say, as the CFO, I've been very pleased with the relationship with Plaza and as we move to investigate SBA financing, Plaza will be our first choice. The smooth, seamless relationship with Plaza, has allowed us to focus directly on our business growth needs and not have the constant interruptions on our bank credit line.
Ernie - CFO
|FDIC Certificate #||58100|
|Return on Assets - YTD||0.73%|
|Return on Equity - YTD||6.27%|
|Annual Interest Income||$13.3MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$1.06B$569.8MM|
|Loans||Q1 2016vs Q1 2015||$911.4MM$483.6MM|
|Deposits||Q1 2016vs Q1 2015||$894.7MM$475.3MM|
|Equity Capital||Q1 2016vs Q1 2015||$123.3MM$61.6MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$12.1MM$6.4MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$568.00K$1.5MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$0$0|
Sorry, we do not have rate data for Plaza Bank.
|Plaza Bank Locations|
|Plaza Bank||18200 Von Karman Avenue., Suite 500||Irvine, CA 92612|
|Bank Of Manhattan, N.A Branch||2141 Rosecrans Avenue, Suite 1160||El Segundo, CA 90245|
|Glendale Branch||250 North Orange Avenue||Glendale, CA 91203|
|Manhattan Beach Office Branch||1419 Highland Avenue||Manhattan Beach, CA 90266|
|Montebello Office||2417 West Whittier Blvd||Montebello, CA 90640|
|Pasadena Branch||199 South Los Robles Ave #130||Pasadena, CA 91101|
|Plaza Branch||8275 W Flamingo Rd||Las Vegas, NV 89147|