California National Bank · Los Angeles, CA United States
Company Description
Phone: 213-443-1900
Fax: 213-628-7020
Toll Free: 800-434-3354
View California National Bank Locations On A US Map
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This link will open in a new window A subsidiary of Illinois-based multibank holding company FBOP , California National Bank (Cal National) operates more than 60 branches in Southern California. The bank offers standard personal and business financial products including checking and savings accounts, money market accounts, certificates of deposit, and credit cards. It also offers retirement accounts and retirement planning services. The bank's loan portfolio is dominated by real estate loans, especially residential mortgage, commercial real estate, construction, and land development loans. To read the full description, subscribe now.
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Key California National Bank Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $380.4 |
| Employees | 795 |
California National Bank Executives
4 executives listed for California National Bank's Los Angeles, CA location.
| Title | Name & Bio | Contact |
| President and CEO | Gregory Mitchell | Network |
| EVP, Chief Administrative Officer, and Corporate Secretary | Lorena McWilliams | Network |
| EVP and Chief Credit Officer | Matt Bonaccorso | Network |
Competition
Competitive Landscape for California National Bank
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top California National Bank Competitors
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