Banks and thrifts. (The List).Ranked by assets as of June June: see month. 30, 2002. EXECUTIVE SUMMARY ONCE again, the Valley banking industry is its typical topsy-turvy self with this year's list of top banks bearing little resemblance Resemblance may refer to:
For starters, last year's No. 1 bank (in terms of assets), Fidelity Fidelity is a notion that at its most abstract level implies a truthful connection to a source or sources. Its original meaning dealt with loyalty and attentiveness to one's duty to a lord or a king, in a broader sense than the related concept of fealty. Federal Bank, is nowhere to be found, having been sold early in the year to FBOP FBOP Flowery Broken Orange Pekoe (tea) FBOP Federal Bureau Of Prisons FBOP First Bank of Oak Park FBOP Fundamental Biology Outreach Program (NASA) Corp. of Oak Park, Ill., a closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. parent company of California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). National Bank. That move alone sent the previous No. 2 Community Bank to the top of the rankings. But that's not the only change. The next most significant changes all involve Union Bank of California's efforts to buy itself into some of the hottest markets in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. . Several months ago, Union Bank acquired First Western Bank of Simi Valley Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. and just recently its acquisition of fast-growing adj. 1. tending to spread quickly; - used mostly of plants. Adj. 1. fast-growing - tending to spread quickly; "an aggressive tumor" strong-growing, aggressive Valencia Valencia, region, Spain Valencia (välān`thēä), autonomous region (1990 pop. 3,902,429) and former kingdom, E Spain, on the Mediterranean. It now comprises the provinces of Alicante, Castellón, and Valencia. Bank & Trust was announced. And Bank of Granada Granada, city, Nicaragua Granada (gränä`thä), city (1995 pop. 74,396), W Nicaragua, on Lake Nicaragua. It is Nicaragua's third largest city and the center of commerce on Lake Nicaragua. Hills, while no longer a name on the list, is still there - just in another form. After its own acquisition of another bank, Granada Hills changed its name to First State Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. . Additions to the list this year include Premier America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. Credit Union of Chatsworth Chatsworth, estate, Derbyshire, central England, near Chesterfield. It is the seat of the dukes of Devonshire. Begun in 1552, the present Classical-style Chatsworth House was rebuilt in 1686. , U.S. Bank, First Commerce Bank and Matadors Community Credit Union. THE PACESETTER COMMUNITY BANK Partnership Banking [R] COMMUNITY BANK COMMUNITY Bank started out in 1945 in response to a refrain that sounds familiar today: Charlie Cook and his brother Howard Howard, English noble family. Landowners in Norfolk from the 13th cent., the Howards obtained the duchy of Norfolk through the marriage of Sir Robert Howard to Margaret Mowbray, daughter of Thomas Mowbray, 1st duke of Norfolk. were frustrated frus·trate tr.v. frus·trat·ed, frus·trat·ing, frus·trates 1. a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: by the bigger banks that seemed to have little time to spare for small, growing companies -- the kinds of companies that, even when the two brothers moved to Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, in the 1920s, were providing the foundation for a regional economy. Hoping to focus on the needs of smaller companies, Charlie formed what was the first new bank in California since the stock market crash of 1929. Reportedly, the state banking office even had trouble finding application forms for a bank charter. What was then the Huntington Park Huntington Park, city (1990 pop. 56,065), Los Angeles co., S Calif., a residential and industrial suburb of Los Angeles; founded 1856, inc. 1906. Its varied manufactures include metal, glass and rubber products and industrial equipment. Bank started out with an initial investment of $125,000 and ended its first year with $869,000 in assets. Today, of course, assets for Community Bank, which concentrates on the San Fernando Valley, Orange County and Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. , are closer to $1.2 billion. In the second quarter of 2002, Community Bank reported pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta income of $6.9 million. Net income was $4.0 million as compared to $3.6 million for the same quarter last year, representing a 10.3-percent increase. Return on average equity, prior to mark-to-market Mark-to-market Adjustment of the book value or collateral value of a security to reflect current market value. adjustments, and return on average assets for the second quarter of 2002 were 14.2 percent and 1.2 percent, respectively., as compared to 14.8 percent and 1.2 percent, respectively, for the second quarter 2001. In May, V. Charles Jackson Charles Jackson may refer to:
tr.v. ap·point·ed, ap·point·ing, ap·points 1. To select or designate to fill an office or a position: appointed her the chief operating officer of the company. 2. president, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and member of the Board of Directors. [GRAPH graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. OMITTED]
Rank Bank (year established) Assets (in millions)
(Ranking in 2001) * as of June 30, 2002
* name * as of June 30, 2001
* address * % increase (decrease)
1 Community Bank (1945)(2) 1,336.61
100 N. Brand Blvd. 1,249.9
Glendale, CA 91203 6.90
2 Premier America Credit 767.4
Union (1957) 679.6
19867 Prairie St. 13.00
Chatsworth, CA 91311
3 Pacific Crest Bank 556.2
(1974) (4) 555.9
30343 Canwood St., 0.05
Suite 100
Agoura Hills, Ca 91301
4 Valencia Bank & Trust 267.2
(1986) (5) 225.9
23620 Lyons Ave. 18.30
Santa Clarita,
CA 91321
5 U.S. Bank (1999) 172.9
15910 Ventura Blvd., 165.1
Suite 1712 4.70
Encino, CA 91436
6 Verdugo Banking 164.0
Company (1991) 145.0
400 N. Brand Blvd. 13.00
Glendale, CA 91201
7 First State Bank of 135.5
California (1983) 91.7
10820 Zelzah Ave. 0.48
Granada Hills, CA 91344
8 Encino State Bank 135.2
(1997) (8) 129.3
16000 Ventura Blvd., 5.00
Suite 100
Encino, CA 91436
9 First Commerce Bank 115.4
(1984) 86.8
16861 Ventura Blvd. 33.00
Encino, CA 91436
10 Matadors Community 93.1
Credit Union (1963) 80.6
9401 Reseda Blvd. 15.50
Northridge, CA 91324
11 California Oaks State 71.3
Bank (1998) 56.4
50 W. Hillcrest Drive 26.40
Thousand Oaks, CA 91360
Rank Bank (year established) Deposits (in millions)
(Ranking in 2001) * as of June 30, 2002
* name * as of June 30, 2001
* address * % increase (decrease)
1 Community Bank (1945)(2) 1,094.0
100 N. Brand Blvd. 981.0
Glendale, CA 91203 11.50
2 Premier America Credit 696.8
Union (1957) 617.6
19867 Prairie St. 12.50
Chatsworth, CA 91311
3 Pacific Crest Bank 377.0
(1974) (4) 424.3
30343 Canwood St., -11.15
Suite 100
Agoura Hills, Ca 91301
4 Valencia Bank & Trust 232.4
(1986) (5) 201.9
23620 Lyons Ave. 15.10
Santa Clarita,
CA 91321
5 U.S. Bank (1999) 105.0
15910 Ventura Blvd., 106.9
Suite 1712 -1.80
Encino, CA 91436
6 Verdugo Banking 150.0
Company (1991) 133.0
400 N. Brand Blvd. 13.00
Glendale, CA 91201
7 First State Bank of 123.8
California (1983) 82.3
10820 Zelzah Ave. 0.50
Granada Hills, CA 91344
8 Encino State Bank 126.0
(1997) (8) 121.1
16000 Ventura Blvd., 5.00
Suite 100
Encino, CA 91436
9 First Commerce Bank 104.7
(1984) 78.3
16861 Ventura Blvd. 34.00
Encino, CA 91436
10 Matadors Community 84.7
Credit Union (1963) 73.0
9401 Reseda Blvd. 16.00
Northridge, CA 91324
11 California Oaks State 65.6
Bank (1998) 52.7
50 W. Hillcrest Drive 24.50
Thousand Oaks, CA 91360
Rank Bank (year established) Net Income (in millions)
(Ranking in 2001) * Jan. 1 - June 30, 2002
* name * Jan. 1 - June 30, 2001
* address * % increase (decrease)
1 Community Bank (1945)(2) 7.83
100 N. Brand Blvd. 6.85
Glendale, CA 91203 14.2
2 Premier America Credit 3.90
Union (1957) 3.30
19867 Prairie St. 19.5
Chatsworth, CA 91311
3 Pacific Crest Bank 3.30
(1974) (4) 2.70
30343 Canwood St., 21.0
Suite 100
Agoura Hills, Ca 91301
4 Valencia Bank & Trust 1.50
(1986) (5) 1.20
23620 Lyons Ave. 18.6
Santa Clarita,
CA 91321
5 U.S. Bank (1999) 1.50
15910 Ventura Blvd., 972.00
Suite 1712 62.5
Encino, CA 91436
6 Verdugo Banking 0.74
Company (1991) 0.83
400 N. Brand Blvd. -11.0
Glendale, CA 91201
7 First State Bank of 734.30
California (1983) 519.00
10820 Zelzah Ave. 0.40
Granada Hills, CA 91344
8 Encino State Bank 327.40
(1997) (8) 476.10
16000 Ventura Blvd., -30.0
Suite 100
Encino, CA 91436
9 First Commerce Bank 0.56
(1984) 0.51
16861 Ventura Blvd. 0.1
Encino, CA 91436
10 Matadors Community 0.36
Credit Union (1963) 0.36
9401 Reseda Blvd. 25.9
Northridge, CA 91324
11 California Oaks State 0.16
Bank (1998) 0.16
50 W. Hillcrest Drive 340.6
Thousand Oaks, CA 91360
Rank Bank (year established) Capital Ratios
(Ranking in 2001) * tier one
* name * total risk adjusted
* address
1 Community Bank (1945)(2) 8.7/10.79 *
100 N. Brand Blvd. 12.04
Glendale, CA 91203
2 Premier America Credit ***
Union (1957) 8.52 ****
19867 Prairie St.
Chatsworth, CA 91311
3 Pacific Crest Bank 11.90
(1974) (4) 13.94
30343 Canwood St.,
Suite 100
Agoura Hills, Ca 91301
4 Valencia Bank & Trust 10.34
(1986) (5) 11.59
23620 Lyons Ave.
Santa Clarita,
CA 91321
5 U.S. Bank (1999) 7.9
15910 Ventura Blvd., 12.5
Suite 1712
Encino, CA 91436
6 Verdugo Banking 8.31
Company (1991) 9.48
400 N. Brand Blvd.
Glendale, CA 91201
7 First State Bank of 7.3
California (1983) 10.8
10820 Zelzah Ave.
Granada Hills, CA 91344
8 Encino State Bank 6.55
(1997) (8) 7.06
16000 Ventura Blvd.,
Suite 100
Encino, CA 91436
9 First Commerce Bank 11.8
(1984) 13.1
16861 Ventura Blvd.
Encino, CA 91436
10 Matadors Community ***
Credit Union (1963) 8.29 ****
9401 Reseda Blvd.
Northridge, CA 91324
11 California Oaks State 5.6
Bank (1998) 7.8
50 W. Hillcrest Drive
Thousand Oaks, CA 91360
Rank Bank (year established) Non-Performing Ratios
(Ranking in 2001) * of total assets
* name * loans of total loans
* address
1 Community Bank (1945)(2) 0.38
100 N. Brand Blvd. 0.57
Glendale, CA 91203
2 Premier America Credit NA
Union (1957) NA
19867 Prairie St.
Chatsworth, CA 91311
3 Pacific Crest Bank 0
(1974) (4) 0
30343 Canwood St.,
Suite 100
Agoura Hills, Ca 91301
4 Valencia Bank & Trust 0.15
(1986) (5) 0.25
23620 Lyons Ave.
Santa Clarita,
CA 91321
5 U.S. Bank (1999) 0.66
15910 Ventura Blvd., 0.89
Suite 1712
Encino, CA 91436
6 Verdugo Banking 0.11
Company (1991) 0.11
400 N. Brand Blvd.
Glendale, CA 91201
7 First State Bank of 0.05
California (1983) 0.07
10820 Zelzah Ave.
Granada Hills, CA 91344
8 Encino State Bank 0
(1997) (8) 0
16000 Ventura Blvd.,
Suite 100
Encino, CA 91436
9 First Commerce Bank 0.72
(1984) 1.05
16861 Ventura Blvd.
Encino, CA 91436
10 Matadors Community 0.15
Credit Union (1963) 0.20
9401 Reseda Blvd.
Northridge, CA 91324
11 California Oaks State 0
Bank (1998) 0
50 W. Hillcrest Drive
Thousand Oaks, CA 91360
Rank Bank (year established) Returns
(Ranking in 2001) (6 mos. ended 6/30/01)
* name * on average assets
* address * on average equity
1 Community Bank (1945)(2) 1.23
100 N. Brand Blvd. 13.92
Glendale, CA 91203
2 Premier America Credit 1.07
Union (1957) 12.87
19867 Prairie St.
Chatsworth, CA 91311
3 Pacific Crest Bank 1.19
(1974) (4) 16.68
30343 Canwood St.,
Suite 100
Agoura Hills, Ca 91301
4 Valencia Bank & Trust 1.19
(1986) (5) 15.69
23620 Lyons Ave.
Santa Clarita,
CA 91321
5 U.S. Bank (1999) 2.06 *****
15910 Ventura Blvd., 21.2 *****
Suite 1712
Encino, CA 91436
6 Verdugo Banking 0.47
Company (1991) 5.79
400 N. Brand Blvd.
Glendale, CA 91201
7 First State Bank of 1.20
California (1983) 16.00
10820 Zelzah Ave.
Granada Hills, CA 91344
8 Encino State Bank 0.50
(1997) (8) 7.68
16000 Ventura Blvd.,
Suite 100
Encino, CA 91436
9 First Commerce Bank 1.00
(1984) 13.70
16861 Ventura Blvd.
Encino, CA 91436
10 Matadors Community 0.78
Credit Union (1963) NA
9401 Reseda Blvd.
Northridge, CA 91324
11 California Oaks State 0.51
Bank (1998) 8.65
50 W. Hillcrest Drive
Thousand Oaks, CA 91360
Rank Bank (year established) Top Local Executive
(Ranking in 2001) * name
* name * little
* address * phone
1 Community Bank (1945)(2) V. Charles Jackson
100 N. Brand Blvd. President & CEO
Glendale, CA 91203 (626) 577-1700
2 Premier America Credit John Merlo
Union (1957) President & CEO
19867 Prairie St. (818) 772-4000
Chatsworth, CA 91311
3 Pacific Crest Bank Gary Wehrle
(1974) (4) President & CEO
30343 Canwood St., (818) 865-3300
Suite 100
Agoura Hills, Ca 91301
4 Valencia Bank & Trust John M. Reardon
(1986) (5) President & CEO
23620 Lyons Ave. (661) 287-9900
Santa Clarita,
CA 91321
5 U.S. Bank (1999) Karen Brown
15910 Ventura Blvd., Senior Vice President
Suite 1712 (818) 817-7236
Encino, CA 91436
6 Verdugo Banking Raymond c. Dumser
Company (1991) President & CEO
400 N. Brand Blvd. (818) 549-1000
Glendale, CA 91201
7 First State Bank of Richard C. Taylor
California (1983) President & CEO
10820 Zelzah Ave. (818) 366.2188
Granada Hills, CA 91344
8 Encino State Bank Carl O. Schatz
(1997) (8) Chairman & CEO
16000 Ventura Blvd., (818) 789-9055
Suite 100
Encino, CA 91436
9 First Commerce Bank John J. Feldman
(1984) President & CEO
16861 Ventura Blvd. (818) 501-2265
Encino, CA 91436
10 Matadors Community Dale Verderano
Credit Union (1963) President & CEO
9401 Reseda Blvd. (818) 993-6328
Northridge, CA 91324
11 California Oaks State Anthony D. Kourounis
Bank (1998) President & CEO
50 W. Hillcrest Drive (805) 496-6774
Thousand Oaks, CA 91360
Banks List Footnotes:
NA - Not Available
* Community Bank represented Tier One capital ration by
leverage/risk-based figures.
** Community Bank represented total capital ratio using risk-based
figures.
*** Credit unions do not follow bank capital ratio requirements.
**** The total ratio for credit unions is leverage rationand not
comparable to banks' total capital ration.
***** U.S. Bank provided operating rations of returns on average assets
and returns on average equity.
Note: Questionnaires were sent to banks in the San Fernando Valley. Only
banks that were able to provide information on the San Fernando Valley
region qualified for the list.
The information on this list was provided by representatives of the
banks. Banks are ranked by their assets as of June 30, 2002. A bank's
ranking does not reflect its relative strength within the industry. The
capital ratios and non-performing assets/loans ration can be used as
indicators of an institution's financial stability.
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and thoroughness
of the list, omissions and typographical errors sometimes occur. Please
send corrections or additions on company letterhead to the Research
Department, San Fernando Business Journal, 21300 Victory Blvd., Suite
205, Woodland Hills 91367. [C]2002 Sam Fernando Valley Business
Journal. This list may not be reprinted in whole or in part without
prior written permission from the editor. Reprints are available from
Reprint Management Services, (717) 399-1900 ext. 157.
Research by Betsy Villalobos
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