SBA lenders: ranked by number of loans awarded in L.A. District.EXECUTIVE SUMMARY BANK of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. leads the pack, with 1,469 Small Business Administration loans made in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. District during the fiscal year ended Sept. 30. Oakland-based Innovative Bank was a distant second with 350. Citibank CITIBANK First National City Bank (West) FSB (FrontSide Bus) See system bus. FSB - front side bus debuted at No. 13 after its parent company, Citigroup Citigroup U.S. holding company formed in 1998 from the merger of Citicorp (itself a holding company incorporated in 1967) and Travelers Group, Inc. The $70 billion merger included one of the largest U.S. investment banks, Salomon Smith Barney Inc. Inc., acquired California Federal Bank California Federal Bank, often abbreviated to "Cal Fed", was a savings and loan bank in California. It existed from 1926 until 2002, when its parent company Golden State Bancorp was acquired by Citigroup, resulting in the bank being merged into Citibank. parent Golden State Bancorp in November November: see month. 2002. The number of loans made by the 25 largest SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government lenders increased by almost two thirds, to 3,875, for fiscal 2003. Smaller loans are being made, however, with dollar volume up only 8.2 percent and the average loan size down a third, to $201,867. The Business Journal changed the ranking criterion
conjunction, in astronomy, alignment of two celestial bodies as seen from the earth. Conjunction of the moon and the planets is often determined by reference to the sun. with non-profit certified See certification. development companies: and the Microloan mi·cro·loan n. A very small, often short-term loan made to an impoverished entrepreneur, as in an underdeveloped country. program, short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. loans of up to $35,000. The Los Angeles District includes Los Angeles, Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. and Ventura Ventura (vĕnt  `rə), city (1990 pop. 92,575), seat of Ventura co., SW Calif., on the Pacific coast in a farm and oil region; inc. 1866. counties.
THE TRENDS [GRAPHIC OMITTED] THE PACESETTER BANK of America doubled the number of Small Business Administration loans it made in the year ended Sept. 30, widening its lead as the No. 1 SBA lender LENDER, contracts. He from whom a thing is borrowed. 2. The contract of loan confers rights, and imposes duties on the lender. 1. The lender has the right to revoke the loan at his mere pleasure; 9 Cowen, R. 687; 8 Johns. Rep. 432; 1 T. R. 480; 2 Campb. Rep. in the Los Angeles District. The Charlotte, N.C.-based bank made 1,469 loans with an aggregate value of $54.9 million. The number of loans doubled from the year-earlier, but the increase in dollar volume did not keep pace. The average loan size dropped to $37,329 in fiscal 2003 from $45,374 the year previous. Rick Benito, who oversees the bank's Los Angeles District, attributed the increase in loan activity to more SBA loan training. "In 2002 we had a lot of people come up to speed in the SBA products," said Benito. "Just by (each person) doing one more loan, we doubled our performance." The bank has seen increases across industries in 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, , with the most activity in small manufacturing, distribution, retail and services, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Scott Wood, vice president and small business consumer sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → . With a concentration in the same industries, Benito expects the number of SBA loans in Southern California to exceed 3,000 next year. "Our banking centers have become more in tune with business clients' needs," said Benito.
Rank Lender Number of Loans
(Ranking in 2002) (1) Loans (2) Awarded (2)
* name * 2003 (millions)
* address * 2002 * 2003
* 2002
1 Bank of America (1) 1,469 $54.8
10850 White Rock Road, 693 $31.4
Suite 101
Rancho Cordova 95670
2 Innovative Bank (12) 350 2.3
360 14th St. 52 0.3
Oakland 94612
3 Wells Fargo Bank (2) 331 36.5
333 S. Grand Ave. 191 35.9
Los Angeles 90071
4 California Bank & 220 19.1
Trust (4) 160 20.6
2399 Gateway Oaks Drive,
Suite 110
Sacramento 95833
5 U.S. Bank (3) 168 94.9
500 N. Brand Blvd., 173 106.2
Suite 1960
Glendale 91203
6 California 161 93.1
Statewide CDC (5) 139 74.1
100 N. Brand Blvd.,
Suite 504
Glendale 91203
7 Hanmi Bank (8) 101 44.6
3660 Wilshire Blvd., 74 31.9
Suite A
Los Angeles 90010
8 Wilshire State Bank (7) 100 58.4
3200 Wilshire Blvd., 89 42.3
Seventh Floor
Los Angeles 90010
9 Center Bank (9) (4) 92 44.1
3435 Wilshire Blvd., 73 37.8
Suite 700
Los Angeles 90010
10 Pacific Union Bank 87 36.7
933 S. Vermont Ave., 21 7.5
Second Floor
Los Angeles 90006
11 Capital One FSB (5) 81 4.6
1680 Capital One Drive 6 0.3
McLean, Va. 22102
12 Comerica Bank (6) 78 32
301 E. Ocean Blvd., 96 52.3
Suite 1800
Long Beach 90802
13 Citibank (West) FSB (6) 76 4.5
1 Sansome St., 22nd Floor 15 (7) 0.8 (7)
San Francisco 94104
14 United Commercial 75 35
Bank (13) 51 28.1
199 S. Los Robles Ave.,
Suite 580
Pasadena 91101
15 Nara Bank (10) 62 32.3
3701 Wilshire Blvd., 69 36.4
Suite 220
Los Angeles 90010
16 Banco Popular, 58 $25.4
North America (11) 54 $26
11101 La Reina Ave.,
Second Floor
Downey 90241
17 Uniti Bank 56 6.8
6301 Beach Blvd., 7 1.6
Suite 100
Buena Park 90621
18 Alliance Bank (21) 55 25.8
100 Corporate Pointe 36 18.4
Culver City 90230
19 Saehan Bank (18) 49 19
3580 Wilshire Blvd., 41 14.6
Suite 1500
Los Angeles 90010
20 Temecula Valley Bank (16) 44 29.8
27710 Jefferson Ave., 43 34.2
Suite A-100
Temecula 92590
21 National Bank of 39 17.3
California 21 9.3
145 S. Fairfax Ave.
Los Angeles 90048
22 CIT Small Business 38 20.2
Lending Corp. (14) 49 31.7
2219 Thousand Oaks Blvd.,
PMB 487
Thousand Oaks 91362
23 Advantage CDC 31 19.1
11 Golden Shore St., N/A N/A
Suite 630
Long Beach 90802
24 Community National Bank 27 15.9
920 Hampshire Road, 19 12.1
Suite A-11
Westlake Village 91361
25 General Bank (17) 27 10.1
4128 Temple City Blvd. 42 12.6
Rosemead 91770
Rank Lender Minority Loans (3) Loan Size
(Ranking in 2002) (1) * ethnic minorities * average
* name (no. of loans/loan * minimum
* address amt. in millions)
* women
(no. of loans/loan
amt. in millions)
1 Bank of America (1) 828/$31.6 $37,329
10850 White Rock Road, 336/$11.1 $5,000
Suite 101
Rancho Cordova 95670
2 Innovative Bank (12) 249/1.5 6,587
360 14th St. 183/1.3 5,000
Oakland 94612
3 Wells Fargo Bank (2) 123/13.1 110,371
333 S. Grand Ave. 61/5.1 N/A
Los Angeles 90071
4 California Bank & 147/11.9 86,638
Trust (4) 48/3.4 10,000
2399 Gateway Oaks Drive,
Suite 110
Sacramento 95833
5 U.S. Bank (3) 51/24.8 564,929
500 N. Brand Blvd., 24/12.8 10,000
Suite 1960
Glendale 91203
6 California 41/21.9 578,118
Statewide CDC (5) 33/20.1 50,000
100 N. Brand Blvd.,
Suite 504
Glendale 91203
7 Hanmi Bank (8) 71/25.2 441,535
3660 Wilshire Blvd., 13/5.0 N/A
Suite A
Los Angeles 90010
8 Wilshire State Bank (7) 56/29.3 584,207
3200 Wilshire Blvd., 0/0 N/A
Seventh Floor
Los Angeles 90010
9 Center Bank (9) (4) 77/34.6 478,841
3435 Wilshire Blvd., 17/8.2 25,000
Suite 700
Los Angeles 90010
10 Pacific Union Bank 79/33.5 421,287
933 S. Vermont Ave., 11/2.6 N/A
Second Floor
Los Angeles 90006
11 Capital One FSB (5) 37/2.2 56,235
1680 Capital One Drive 13/0.8 25,000
McLean, Va. 22102
12 Comerica Bank (6) 40/15.4 409,972
301 E. Ocean Blvd., 19/6.1 100,000
Suite 1800
Long Beach 90802
13 Citibank (West) FSB (6) 28/0.8 59,257
1 Sansome St., 22nd Floor 8/0.6 50,000
San Francisco 94104
14 United Commercial 64/29.3 467,200
Bank (13) 25/12.8 40,000
199 S. Los Robles Ave.,
Suite 580
Pasadena 91101
15 Nara Bank (10) 54/27.2 521,210
3701 Wilshire Blvd., 17/5.1 25,000
Suite 220
Los Angeles 90010
16 Banco Popular, 38/$14.7 $438,584
North America (11) 13/$5 $25,000
11101 La Reina Ave.,
Second Floor
Downey 90241
17 Uniti Bank 54/8.7 121,821
6301 Beach Blvd., 14/3.1 N/A (8)
Suite 100
Buena Park 90621
18 Alliance Bank (21) 27/12.7 469,564
100 Corporate Pointe 10/4.9 50,000
Culver City 90230
19 Saehan Bank (18) 46/18.2 387,571
3580 Wilshire Blvd., 12/3.7 50,000
Suite 1500
Los Angeles 90010
20 Temecula Valley Bank (16) 33/22.7 677,943
27710 Jefferson Ave., 5/4.6 100,000
Suite A-100
Temecula 92590
21 National Bank of 6/3.2 442,615
California 4/1.7 50,000
145 S. Fairfax Ave.
Los Angeles 90048
22 CIT Small Business 24/11.2 530,363
Lending Corp. (14) 16/8.9 50,000
2219 Thousand Oaks Blvd.,
PMB 487
Thousand Oaks 91362
23 Advantage CDC 16/8 615,161
11 Golden Shore St., 5/3.7 25,000
Suite 630
Long Beach 90802
24 Community National Bank 5/1.7 588,581
920 Hampshire Road, 6/1.4 50,000
Suite A-11
Westlake Village 91361
25 General Bank (17) 25/8.2 374,796
4128 Temple City Blvd. 6/1.2 40,000
Rosemead 91770
Rank Lender Headquarters Top Local
(Ranking in 2002) (1) SBA Executive
* name * name
* address * title
* phone
1 Bank of America (1) Charlotte, Rick Benito
10850 White Rock Road, N.C. senior vice
Suite 101 president
Rancho Cordova 95670 (800) 263-2055
2 Innovative Bank (12) Oakland James A. Bek
360 14th St. vice president
Oakland 94612 (866) 812-1216
3 Wells Fargo Bank (2) San Francisco Douglas Rozsa
333 S. Grand Ave. senior vice
Los Angeles 90071 president
(800) 545-0670
4 California Bank & San Diego Tory Nixon
Trust (4) sr. v.p., national
2399 Gateway Oaks Drive, sales manager
Suite 110 (800) 585-1722
Sacramento 95833
5 U.S. Bank (3) San Diego Robert R.
500 N. Brand Blvd., Flores, Jr.
Suite 1960 senior vice
Glendale 91203 president
(818) 548-7400
6 California Davis Robert Gonzales
Statewide CDC (5) regional manager
100 N. Brand Blvd., (800) 982-9192
Suite 504
Glendale 91203
7 Hanmi Bank (8) Los Angeles Steve Park
3660 Wilshire Blvd., senior vice
Suite A president
Los Angeles 90010 (213) 382-2200
8 Wilshire State Bank (7) Los Angeles Sungsoo Han
3200 Wilshire Blvd., sr. v.p., manager
Seventh Floor (213) 427-6595
Los Angeles 90010
9 Center Bank (9) (4) Los Angeles Jason K. Kim
3435 Wilshire Blvd., first vice
Suite 700 president
Los Angeles 90010 (213) 251-2222
10 Pacific Union Bank Los Angeles Ryan Shin
933 S. Vermont Ave., first vice
Second Floor president, manager
Los Angeles 90006 (213) 386-5168
11 Capital One FSB (5) McLean, Va. Susan Streich
1680 Capital One Drive SBA relationship
McLean, Va. 22102 manager
(800) 955-7070
12 Comerica Bank (6) San Jose Gloria Miller
301 E. Ocean Blvd., vice president
Suite 1800 (562) 590-2529
Long Beach 90802
13 Citibank (West) FSB (6) San Francisco Heather Endresen
1 Sansome St., 22nd Floor director
San Francisco 94104 (800) 500-9810
14 United Commercial San Francisco David Wang
Bank (13) first vice
199 S. Los Robles Ave., president
Suite 580 (626) 685-7221
Pasadena 91101
15 Nara Bank (10) Los Angeles James Kim
3701 Wilshire Blvd., v.p., manager
Suite 220 (213) 389-2000
Los Angeles 90010
16 Banco Popular, Downey Erik W. Daniels
North America (11) v.p., SBA
11101 La Reina Ave., division manager
Second Floor (562) 622-2575
Downey 90241
17 Uniti Bank Buena Park James Jeong
6301 Beach Blvd., v.p., SBA manager
Suite 100 (714) 736-5700
Buena Park 90621
18 Alliance Bank (21) Culver City J. Justin Moon
100 Corporate Pointe vice president,
Culver City 90230 manager
(310) 258-9348
19 Saehan Bank (18) Los Angeles Andrew Chong
3580 Wilshire Blvd., vice president,
Suite 1500 manager
Los Angeles 90010 (213) 388-5550
20 Temecula Valley Bank (16) Temecula Girish Bajaj
27710 Jefferson Ave., sr. v.p., regional
Suite A-100 manager
Temecula 92590 (800) 939-3736
21 National Bank of Los Angeles Michael G. Ortega
California v.p., SBA manager
145 S. Fairfax Ave. (323) 655-6001
Los Angeles 90048
22 CIT Small Business Livingston, Rita Mitchell
Lending Corp. (14) N.J. regional account
2219 Thousand Oaks Blvd., manager
PMB 487 (805) 494-9979
Thousand Oaks 91362
23 Advantage CDC Long Beach Regina Grant
11 Golden Shore St., Peterson
Suite 630 executive director
Long Beach 90802 (562) 983-7450
24 Community National Bank Escondido Redonna Carpenter
920 Hampshire Road, sales vice
Suite A-11 president
Westlake Village 91361 (805) 494-0995
25 General Bank (17) Los Angeles Ray Chang
4128 Temple City Blvd. vice president
Rosemead 91770 (626) 582-7221
N/A--Not Applicable WND--Would Not Disclose
(1) Ranking according to number of SBA loans made in the Los Angeles
District in fiscal year 2002.
(2) Loans awarded and volume obtained from the U.S. Small Business
Administration: Los Angeles District. Los Angeles District includes
Los Angeles, Santa Barbara and Ventura counties. Data for 2003 are
for fiscal year ended Sept. 30; data for 2002 are for fiscal year
ended Sept. 30, 2002.
(3) Minority and women loans may be greater than total number of
loans due to possibility that one loan could be included as both
a minority and women loan.
(4) Formerly California Center Bank.
(5) Address for parent company Capital One Financial Corp. Capital
One does all SBA business out of offices in Richmond, Va. through
direct mail. The bank does not accept solicitations for SBA loans.
(6) Citigroup Inc. acquired California Federal Bank in November 2002
and changed the name to Citibank (West) FSB.
(7) Information for Citibank FSB-California.
(8) No minimum amount for SBA Express loans. Minimum amount for
standard SBA loans is $50,000.
Note: Loan information supplied by the U.S. Small Business
Administration: Los Angeles District. Representatives of the banks
provided additional information. Banks are ranked on the number of
SBA loans made in the Los Angeles District for the fiscal year
ended Sept. 30, and the dollar volume of loans for the same period,
respectively.
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] 2003 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.
Researched by Nicole Taylor
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