La Jolla Bank, FSB · La Jolla, CA United States
Company Description
Phone: 858-454-8800
Fax: 858-454-9376
Toll Free: 800-333-1909
View La Jolla Bank, FSB Locations On A US Map
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This link will open in a new window The banks of La Jolla are all about rocky shores and majestic cliffs; La Jolla Bank, however, is more about checking accounts and mortgage loans. The savings bank operates about ten branches and loan production offices in Southern California, as well as a branch in Dallas and loan production offices in the New York City, Phoenix, and San Francisco metropolitan areas. The thrift devotes most of its loan portfolio to construction and land development loans and mortgages secured by multifamily real estate, commercial real estate, and one- to four-family residences. It also originates business and consumer loans. The bank's deposit services include checking and savings accounts, CDs, and IRAs. To read the full description, subscribe now.
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Key La Jolla Bank, FSB Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $52.3 |
| Employees | 36 |
La Jolla Bank, FSB Executives
32 executives listed for La Jolla Bank, FSB's La Jolla, CA location.
| Title | Name & Bio | Contact |
| Chairman | Richard Colbourne | Network |
| Vice Chairman | Bruce Warren | Network |
| President, CEO, and Director | Rick Hall | Network |
Competition
Competitive Landscape for La Jolla Bank, FSB
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 La Jolla Bank, FSB Competitors
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