FBOP Corporation · Oak Park, IL United States
Company Description
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This link will open in a new window When the IRA is DOA, or a CD is needed ASAP, try FBOP. Acquisitive FBOP Corporation owns eight community banks in California, Illinois, Texas, and Arizona. The largest of these is Los Angeles-based California National Bank , which has some 70 branches. FBOP's other primary markets include Chicago, Phoenix, San Diego, and San Francisco; all told, the company has about 150 locations. The banks provide standard retail and commercial services including checking and savings accounts, CDs, and credit cards. They mainly specialize in real estate and construction lending. To read the full description, subscribe now.
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Key FBOP Corporation Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $1,011.2 |
| Employees | 2,100 |
FBOP Corporation Executives
15 executives listed for FBOP Corporation's Oak Park, IL location.
| Title | Name & Bio | Contact |
| Chairman | Michael Kelly | Network |
| Chairman, San Diego National Bank | Murray Galinson | Network |
| President | Robert Heskett | Network |
Competition
Competitive Landscape for FBOP Corporation
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 FBOP Corporation Competitors
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