Valley-based banks and credit unions: ranked by assets as of March 31, 2005.EXECUTIVE SUMMARY For the most part, banks and credit unions 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. have been enjoying healthy growth, 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. the Business Journal's list. The list, which tracks assets and deposits as of the March 31, 2005 quarter and net income for the six months ended Dec. 31, 2004, shows most banks and credit unions logged significant increases. Lockheed “Lockheed” redirects here. For the character in Marvel Comics, see Lockheed (comics). For the current company, see . Lockheed Corporation (originally Loughead Aircraft Manufacturing Company) was an American aerospace company originally founded in 1912 Federal Credit Union ranked No. 1 with $2.1 billion in assets as of March 31, 2005, up nearly 13 percent from last year's $1.8 billion in assets. Second place this year went to First Bank of Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. F.S.B., a Calabasas-based bank with assets of $1.3 billion. 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 placed in the No. 3 spot with slightly more than $1 billion in assets. Telesis telesia, telesis the harnessing of natural and social forces for a beneficial goal. See also: Improvement, Society Community Credit Union took the No. 4 spot with assets of $487 million. First Private Bank & Trust, which recently changed its name from 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. , ranked No. 5 on this year's list, moving up thanks in part to its acquisition last year of Encino State Bank. The bank's assets grew to $440 million, up from $216 million in 2003. THE PACESETTER LOCKHEED FEDERAL CREDIT UNION LOCKHEED Federal Credit Union placed No. 1 on the Business Journal s list with nearly $2.1 billion in assets as of March 31, 2005. The credit union's assets grew by nearly 13 percent compared to last year, when it recorded assets of $1.8 billion. Burbank-based Lockheed Federal Credit Union serves the employees of more than 600 companies, mainly in the aerospace, technology, and insurance and professional fields. The credit union provides a full array of services including savings, checking, and money market accounts; IRAs and CDs. Lending services include personal loans, residential mortgages, commercial real estate loans; and credit card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. . Investment products include mutual funds, bonds, and annuities. The credit union also offers a variety of life, health, auto, and homeowners insurance products. Lockheed Federal Credit Union, originally founded in 1937, currently has 10 branches throughout 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, and 37 ATM machines (Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. available to the public.
Assets (in Deposits (in
millions) millions)
* as of March * as of March
31, 2005 31, 2005
Rank Bank (year established) * as of March * as of March
* name 31, 2004 31, 2004
* address * % increase * % increase
(decrease) (decrease)
1 Lockheed Federal Credit $2,082 $1,760
Union $1,843 $1,559
2340 Hollywood Way 12.9% 12.9%
Burbank 91505
2 First Bank of Beverly 1,337 584.3
Hills, FSB 1,130 636.1
23901 Calabasas Road, 18% -8.1
Suite 1050
Calabasas 91302
3 Premier America Credit 1,024 888.8
Union 953.6 832.2
19867 Prairie Street 0.07% 6.8
Chatsworth 91311
4 Telesis Community Credit 487 368
Union 411 331
9301 Winnetka Ave. 18% 11%
Chatsworth 91311
5 First Private Bank & 440 357
Trust 216 178
10820 Zelzah Ave. 1.04% 101%
Granada Hills 91344
6 First California Bank 286 232
1150 Paseo Camarillo 254 210
Camarillo 93010 12.59% 10.4%
7 First Commerce Bancorp 220.7 199
16861 Ventura Blvd. 187.2 168
Suite 100 18% 18%
Encino 91436
8 Mission Valley Bank 122 108
9116 Sunland Blvd. 93 84
Sun Valley 91352 31% 29%
9 Matadors Community 117.7 106.2
Credit Union 112.7 102.7
20045 Prairie Street 0.04% 3.35%
Chatsworth 91311
10 California Oaks State 93.0 81.7
Bank 87.4 76.3
50 W. Hillcrest Drive 6.4% 7%
Thousand Oaks 91360
Net Income
(in millions) Non-
6 months ended Performing
Dec 31, 2004 Ratios
Rank Bank (year established) 6 months ended * of total
* name Dec 31, 2003 assets
* address * % increase * of total
(decrease) loans
1 Lockheed Federal Credit $20.0 0.23%
Union $16.1 0.27%
2340 Hollywood Way 22.61%
Burbank 91505
2 First Bank of Beverly 7 0.20%
Hills, FSB 3.3 0.29%
23901 Calabasas Road, 107.40%
Suite 1050
Calabasas 91302
3 Premier America Credit 6.3 0.19%
Union 5.6 0.25%
19867 Prairie Street 12.68%
Chatsworth 91311
4 Telesis Community Credit 4.3 0.30%
Union 5 1.70%
9301 Winnetka Ave. -12.5%
Chatsworth 91311
5 First Private Bank & 1,8 0.12%
Trust .990 0.18%
10820 Zelzah Ave. 80%
Granada Hills 91344
6 First California Bank 1.3 0.76%
1150 Paseo Camarillo 1.2 1.14%
Camarillo 93010 2.9%
7 First Commerce Bancorp 0.778 0%
16861 Ventura Blvd. 0.576 0%
Suite 100 35%
Encino 91436
8 Mission Valley Bank WND 0%
9116 Sunland Blvd. WND 0%
Sun Valley 91352 WND
9 Matadors Community 0.402 0.30%
Credit Union 0.719 0.39%
20045 Prairie Street -44.14%
Chatsworth 91311
10 California Oaks State -0.307 0%
Bank -0.502 0%
50 W. Hillcrest Drive na
Thousand Oaks 91360
Returns
(6 mos. ended Branches
12/31/04) * number of
Rank Bank (year established) * on average branches
* name assets * ATMs owned/
* address * on average outside ATM
equity network
1 Lockheed Federal Credit 2.00% 10
Union 13.67% 37/no
2340 Hollywood Way
Burbank 91505
2 First Bank of Beverly 1.15% 2
Hills, FSB 14.26% 2/no
23901 Calabasas Road,
Suite 1050
Calabasas 91302
3 Premier America Credit 1.24% 9
Union 14.14% 10/no
19867 Prairie Street
Chatsworth 91311
4 Telesis Community Credit 1.00% 10
Union 10.70% 19/no
9301 Winnetka Ave.
Chatsworth 91311
5 First Private Bank & 1.35% 5
Trust 16.34% 2/no
10820 Zelzah Ave.
Granada Hills 91344
6 First California Bank 0.92% 6
1150 Paseo Camarillo 12.65% 3/no
Camarillo 93010
7 First Commerce Bancorp 1.06% 2
16861 Ventura Blvd. 12.05% 0/no
Suite 100
Encino 91436
8 Mission Valley Bank WND 2
9116 Sunland Blvd. WND 2/no
Sun Valley 91352
9 Matadors Community 0.70% 2
Credit Union 0.78% 5/2
20045 Prairie Street
Chatsworth 91311
10 California Oaks State -0.81% 2
Bank -10.24% 2/no
50 W. Hillcrest Drive
Thousand Oaks 91360
Rank Bank (year established) Top Local Executive
* name * name
* address * title
* phone
1 Lockheed Federal Credit Dave Styler
Union President/CEO
2340 Hollywood Way (818) 565-2000
Burbank 91505
2 First Bank of Beverly Joseph W. Kiley III
Hills, FSB President/ CEO
23901 Calabasas Road, (818) 223-8084
Suite 1050
Calabasas 91302
3 Premier America Credit John M. Merlo
Union President/CEO
19867 Prairie Street (818) 772-4001
Chatsworth 91311
4 Telesis Community Credit Grace Mayo
Union CEO
9301 Winnetka Ave. (800) 895-8328
Chatsworth 91311
5 First Private Bank & Richard C. Taylor
Trust President/CEO
10820 Zelzah Ave. (818) 366-2188
Granada Hills 91344
6 First California Bank C.G. Kum
1150 Paseo Camarillo President/CEO
Camarillo 93010 (805) 322-9308
7 First Commerce Bancorp John J. Feldman
16861 Ventura Blvd. President/CEO
Suite 100 (818) 501-2265
Encino 91436
8 Mission Valley Bank Tamara Gurney
9116 Sunland Blvd. President/CEO
Sun Valley 91352 (818) 394-2300
9 Matadors Community Dale Verderano
Credit Union CEO
20045 Prairie Street (818) 993-6328
Chatsworth 91311
10 California Oaks State Cole W. Minnick
Bank President/CEO
50 W. Hillcrest Drive (805) 413-0136
Thousand Oaks 91360
na not applicable
WND--would not disclose
Data was provided by the companies.
(1) Non-Performing ratios are measured as delinquent loans to total
assets and delinquent loans to total loans
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, 21600 Oxnard
St., Suite 250, Woodland Hills 91367. [c] 2005 San Femando Valley
Business Journal. This list may not be reprinted in whole or in part
without piror written permission from the editor. Reprints are
available from Reprint Management Services, (800) 494-9051 x130.
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