Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


September 02, 2015 5:10 AM ET

Banks

Company Overview of Open Bank

Company Overview

Open Bank provides banking products and services to small and medium-sized businesses, professionals, and residents with a particular emphasis on the multi-ethnic communities in California. It offers personal banking products and services that include checking and savings accounts, money market accounts, certificates of deposit, installment accounts, home mortgage loans; and business banking products and services, such as business checking and savings accounts, business money market accounts, commercial loans, trade finance, and SBA loans. The company also provides cash management, online banking, telephone banking, and fax/E-mail banking services, as well as online forms. Open Bank was form...

1000 Wilshire Boulevard

Suite 250

Los Angeles, CA 90017

United States

Founded in 2005

108 Employees

Phone:

213-892-9999

Fax:

213-892-1199

Key Executives for Open Bank

Open Bank does not have any Key Executives recorded.

Open Bank Key Developments

Open Bank Plans to Open 7th Full Service Branch in Koreatown on Western Blvd. in Los Angeles in the Fourth Quarter of 2015

Open Bank announced that it will be opening its 7th full service branch in the heart of Koreatown on Western Blvd. in Los Angeles. The branch is expected to open in the fourth quarter of 2015.

Open Bank Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Open Bank reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $5,540,000 against $3,931,000 a year ago. Income before taxes was 2,694,000 against $2,027,000 a year ago. Net income was $1,585,000 against $1,202,000 a year ago. Diluted EPS were $0.12 against $0.14 per share a year ago. Book value per share was $5.53 against $5.09 per share a year ago. Return on average assets was 1.17% against 1.19% a year ago. Return on average equity was 9.27% against 3.04% a year ago. For the six months, the company reported net interest income of $10,588,000 against $7,572,000 a year ago. Income before taxes was $4,903,000 against $3,777,000 a year ago. Net income was $2,885,000 against $2,225,000 a year ago. Diluted EPS were $0.22 against $0.27 per share a year ago. Book value per share was $5.53 against $5.09 per share a year ago. Return on average assets was 1.09% against 1.18% a year ago. Return on average equity was 8.56% against 12.95% a year ago.

Open Bank Opens its Loan Production Offices in Dallas, Seattle and New York in April

Open Bank has opened its loan production offices in Dallas, Seattle and New York in April to further support out SBA loan productions. Also, the company is currently planning an additional full branch in the Los Angeles Koreatown area. This will bring the total to 7 branches.

Similar Private Companies By Industry

Company Name Region
Star Bank United States
Cambridge State Bank (Cambridge, WI) United States
The First Central National Bank of St. Paris United States
Harleysville Savings Bank United States
Rollstone Bank & Trust United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Open Bank, please visit www.myopenbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.