Monday, June 16, 2008

About FBOP and Cal National

Perhaps people who (still) bank at Pomona First Federal should meet the new boss:

FBOP Corporation is a privately-held, well-capitalized $14.6 billion multi-bank holding company based in Oak Park, Ill. Until early in 1990, FBOP Corporation owned just one bank, First Bank of Oak Park, which had $125 million in assets. The company has continually expanded since then by acquiring select financial institutions in Illinois, California, Texas and Arizona.
The firm is built on a community banking philosophy that allows local autonomy in business development and customer relationships. This strategy has allowed for FBOP Corporation's sustainable growth and outstanding performance.

And Cal National Bank has done some growing of its own:

Cal National Bank has grown from one branch in 1996 to 68 branches today in Los Angeles, Orange, Ventura, Riverside, and San Bernardino Counties. Our retail branches represent the fastest growing community banking network in Southern California. With assets of more than $5 billion, we are one of the largest banks headquartered in Los Angeles.

The bank has produced strong earnings and continues to maintain a capital position that ranks in the top 10% of the nation.

The purchase of one-branch Torrance Bank in 1996 brought our parent company, FBOP Corp., to the L.A. market. In 1998, following the purchase of the five branches of Topa Savings and Topa Thrift, California National Bank was officially established. Growth of the branch network accelerated with the purchases of People’s Bank of California in 2001 and Fidelity Federal Bank in 2002. Cal National has continued to grow over the last few years through new branch openings – nine new branches since mid 2003.

FBOP owns other California banks: Pacific National Bank, and San Diego National Bank.

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