L.A. County-based banks: ranked by assets as of June 30, 2004.
L.A. COUNTY-BASED BANKS Ranked by assets as of June 30, 2004
In millions
Rank Bank (year established) Assets Deposits
(Ranking in 2003) * as of June 30, * as of June 30,
* name 2004 2004
* address * as of June 30, * as of June 30,
2003 2003
* % increase * % increase
(decrease) (decrease)
1 City National Bank $13,270.5 $11,506.6
(1953) (1) $12,143.4 $10,208.7
400 N. Roxbury Drive 9.3% 12.7%
Beverly Hills 90210
2 Cathay Bank (1962) (4) 5,762.4 4,517.1
777 N. Broadway 3,009.6 2,468.9
Los Angeles 90012 91.5 83
3 California National 5,181.6 4,054.3
Bank (1998) (2) 5,253.1 4,123
221 S. Figueroa St., -1.4 -1.7
Suite 100
Los Angeles 90012
4 East-West Bank (1972) 4,896.8 3,839.4
(3) 3,596.2 3,089.2
415 Huntington Drive 36.2 24.3
San Marino 91108
5 Hanmi Bank (1982) (11) 3,085.8 2,349.0
3660 Wilshire Blvd., 1,648.2 1,453.2
Suite A 87.2 61.6
Los Angeles 90010
6 Farmers and Merchants 2,912.2 1,978.3
Bank of Long Beach 2,646.7 1,787.7
(1907) (5) 10 10.7
302 Pine Ave.
Long Beach 90802
7 Mellon 1st Business 2,697.6 2,313.9
Bank (1981) (6) 2,461.5 2,055.2
601 W. Fifth St. 9.6 12.6
Los Angeles 90071
8 California Commerce 1,902.8 1,658.3
Bank (1963) (8) 2,206.2 1,674.1
2029 Century Park East, -13.8 -0.9
Suite 4200
Century City 90067
9 Chinatrust Bank 1,863.8 1,514.6
(U.S.A.) (1965) (9) 1,750.7 1,484.2
22939 Hawthorne Blvd. 6.5 2
Torrance 90505
10 Community Bank (1983) 1,782.7 1,554.4
(12) 1,478.3 1,301.3
790 E. Colorado Blvd. 20.6 19.5
Pasadena 91101
In millions
Rank Bank (year established) Net Income Capital
(Ranking in 2003) * Jan. 1 - June 30, 2004 Rating
* name * Jan. 1 - June 30, 2003 (1)
* address * % increase (decrease)
1 City National Bank $102.2 *****
(1953) (1) $90.1
400 N. Roxbury Drive 13.5%
Beverly Hills 90210
2 Cathay Bank (1962) (4) 43.5 ****
777 N. Broadway 26
Los Angeles 90012 67.2
3 California National 33.6 ****
Bank (1998) (2) 26
221 S. Figueroa St., 29.4
Suite 100
Los Angeles 90012
4 East-West Bank (1972) 37.1 ****
(3) 28.2
415 Huntington Drive 31.6
San Marino 91108
5 Hanmi Bank (1982) (11) 14.5 ****
3660 Wilshire Blvd., 9.4
Suite A 53.9
Los Angeles 90010
6 Farmers and Merchants 24.4 *****
Bank of Long Beach 23.2
(1907) (5) 5.2
302 Pine Ave.
Long Beach 90802
7 Mellon 1st Business 12.4 ****
Bank (1981) (6) 18.1
601 W. Fifth St. -31.8
Los Angeles 90071
8 California Commerce 8.2 ***+
Bank (1963) (8) 3.4
2029 Century Park East, 140.8
Suite 4200
Century City 90067
9 Chinatrust Bank 10.6 ****
(U.S.A.) (1965) (9) 11.8
22939 Hawthorne Blvd. -10.6
Torrance 90505
10 Community Bank (1983) 9.7 *****
(12) 8.9
790 E. Colorado Blvd. 9.5
Pasadena 91101
Rank Bank (year established) Capital Ratios Non-Current
(Ranking in 2003) * tier one (2) Ratios
* name * total-risk * % of total assets
* address based (3) * % of total loans
1 City National Bank 11.7% 0.3%
(1953) (1) 15.4% 0.5%
400 N. Roxbury Drive
Beverly Hills 90210
2 Cathay Bank (1962) (4) 9.9 0.5
777 N. Broadway 11.1 0.8
Los Angeles 90012
3 California National 12.1 1.4
Bank (1998) (2) 13.2 1.4
221 S. Figueroa St.,
Suite 100
Los Angeles 90012
4 East-West Bank (1972) 9.3 0.1
(3) 10.5 0.1
415 Huntington Drive
San Marino 91108
5 Hanmi Bank (1982) (11) 9.9 0.3
3660 Wilshire Blvd., 11 0.4
Suite A
Los Angeles 90010
6 Farmers and Merchants 39.6 0.5
Bank of Long Beach 40.1 1.3
(1907) (5)
302 Pine Ave.
Long Beach 90802
7 Mellon 1st Business 12.3 0
Bank (1981) (6) 13 0
601 W. Fifth St.
Los Angeles 90071
8 California Commerce 14.2 1.7
Bank (1963) (8) 17 3.2
2029 Century Park East,
Suite 4200
Century City 90067
9 Chinatrust Bank 14.7 0.8
(U.S.A.) (1965) (9) 16 1.5
22939 Hawthorne Blvd.
Torrance 90505
10 Community Bank (1983) 11 0.4
(12) 12.2 0.6
790 E. Colorado Blvd.
Pasadena 91101
Rank Bank (year established) Returns Top Local Executive
(Ranking in 2003) (6 mos. ended * name
* name 00/04) * title
* address * on average * phone
assets
* on average
equity
1 City National Bank 1.6% Russell Goldsmith
(1953) (1) 17.1% chairman, ceo
400 N. Roxbury Drive (310) 888-6000
Beverly Hills 90210
2 Cathay Bank (1962) (4) 1.5 Dunson Cheng
777 N. Broadway 13 chairman, ceo,
Los Angeles 90012 president
(213) 625-4700
3 California National 1.3 Gregory Mitchell
Bank (1998) (2) 10 ceo, president
221 S. Figueroa St., (213) 443-1400
Suite 100
Los Angeles 90012
4 East-West Bank (1972) 1.6 Dominic Ng
(3) 18.2 chairman, ceo,
415 Huntington Drive president
San Marino 91108 (626) 799-5700
5 Hanmi Bank (1982) (11) 1.3 Jae Whan Yoo
3660 Wilshire Blvd., 13.3 ceo, president
Suite A (213) 382-2200
Los Angeles 90010
6 Farmers and Merchants 1.7 Kenneth G. Walker
Bank of Long Beach 8.7 president
(1907) (5) (562) 437-0011
302 Pine Ave.
Long Beach 90802
7 Mellon 1st Business 1 Christopher Myers
Bank (1981) (6) 7.6 chairman, ceo
601 W. Fifth St. (213) 489-1000
Los Angeles 90071
8 California Commerce 0.9 Salvador Villar
Bank (1963) (8) 8.4 ceo, president
2029 Century Park East, (800) 222-1234
Suite 4200
Century City 90067
9 Chinatrust Bank 1.2 William Hon
(U.S.A.) (1965) (9) 10.2 ceo, president
22939 Hawthorne Blvd. (310) 791-2828
Torrance 90505
10 Community Bank (1983) 1.2 Charles Jackson
(12) 13.8 ceo, president
790 E. Colorado Blvd. (626) 577-1700
Pasadena 91101
NM - Not Meaningful
(1) Bauer Financial Reports Inc. proprietary ratings classify each
institution based upon a formula which factors in relevant data
including, but not limited to, current capital levels, proposed
regulations, profitability, historical trends, loan delinquencies,
repossessed assets, reserves, regulatory compliance and asset
quality. Ratings are based on March 31, 2004 data.
***** Superior
***+ Good
**** Excellent
*** Adequate
(2) Tier-one (core) capital as a percent of risk-weighted assets.
(3) Total risk-based capital as a percent of risk-weighted assets.
Note: The financial information on this list was provided by the
FDIC. Banks are ranked by their assets as of June 30, 2004. A bank's
ranking does not reflect its relative strength within the industry.
The core capital ratios and non-performance asset ratios can be used
as indicators of an institution's financial security. General Bank,
No. 7 last year merged into Cathay Bank on October 20, 2003. Pacific
Union Bank, No. 16 last year, merged into Hanmi Bank on April 30,
2004. Pacific Crest Bank, No. 22 last year, merged into Pacific
Capital Bank, National Association on March 5, 2004. Numbers have
been rounded.
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, Los Angeles Business Journal, 5700 Wilshire
Blvd., Suite 170, Los Angeles 90036. [c]2004 Los Angeles Business
Journal. This list may not be reprinted in whole or in part without
prior written permission from the editor. Reprints are available from
Wright's Reprints, (877) 652-5295.
COPYRIGHT 2005 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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