Commonwealth Business Bank
FDIC #57873
📍 Los Angeles, California
Commonwealth Business Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in March 3, 2005. With assets of $1.86 Billion, it operates 11 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: September 23, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
September 23, 2024
Satisfactory
February 11, 2019
Satisfactory
June 8, 2015
Satisfactory
💰 Financial Strength
Total Assets$1.86 Billion
Total Deposits$1.55 Billion
Equity Capital$228.39 Million
Net Income$22.30 Million
📈 Performance
ROA1.63%
ROE13.59%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedMarch 3, 2005
FDIC Cert57873
Holding CoCbb Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2021
Merger / Acquisition
Acquired: Ohana Pacific Bank
2015
Name Change
Name became: Changed Institution Name To Commonwealth Business Bank.
2015
Relocation
Moved HQ to: 3435 Wilshire Boulevard. Suite 100, Los Angeles, CA 90010.
2013
Relocation
Moved HQ to: 3435 Wilshire Boulevard. Suite 700, Los Angeles, CA 90010.
2008
Relocation
Moved HQ to: 5055 Wilshire Boulevard. Suite 100, Los Angeles, CA 90036.
📍 Branch Locations (11)
Commonwealth Business Bank Olympic Branch
3121 W Olympic Blvd
Los Angeles, California 90006
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3121 W Olympic Blvd
Los Angeles, California 90006
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