OneWest Bank is said to be the largest retail bank in Southern California with nearly 79 branches serving the area. Based in Pasadena, CA, the bank offers personalized financial services and business banking solutions to a large number of local customers. It is chartered as a federal savings bank. The bank, in recent years, acquired IndyMac, First Federal Bank of California, and La Jolla Bank, FSB to expand its branch network and increase its assets and deposits. Today the bank possesses an asset of nearly $27 billion in value.
OneWest Bank has specialization in providing consumer banking and personal lending solutions. It offers personal savings, money market and checking accounts and business checking account along with a special Lakers account that allows payment through a prepaid card. The lending solutions include home loans, mortgages, home construction loans, and more. The bank also offers a range of credit cards for personal or business use. One can also find brokerage and investment services at OWB. With the acquisition of IndyMac, the bank got hold of a large number of foreclosed properties, which it now offers for sale through a separate REO department.
As a leading mortgage provider, the bank has put in place several loan modification programs under the directive of FDIC and other regulatory authorities for the benefits of underwater borrowers. These programs are aimed at reducing the number of foreclosures and short sale processes. The bank offers favorable loan and deposit conditions with competitive mortgage rates and CD rates. Moreover, One West Bank also offers good career opportunities for its employees. With consistent growth and expansion over the past several years, it has opened up new avenues in banking careers and increased employment opportunities for the locals in the area.
|Bank Name||OneWest Bank, FSB|
|Year of Establishment||3/19/2009|
|FDIC Insured Since||3/19/2009|
|FDIC Certificate No||58978|
|Number of Branches||74 domestic + 0 foreign|
|Number of ATMs|
|Number of Employees||2,153|
|Number of States Served||1|
|Services Offered (Available Accounts)||CDs, Checking, Credit Cards, Prepaid Cards, Savings|
|Mobile and Online Banking||Account Balance, Bill Pay, Fund Transfer,|
|Assets (June 30, 2014)||22,511,337|
|Deposits (June 30, 2014)||14,644,512|
|Equity Capital (June 30, 2014)||2,795,424|
|Net Income (June 30, 2014)||17,300|
|Primary Federal Regulator||Office of the Comptroller of the Currency|
|Address||888 E. Walnut Street, Pasadena,CA 91101|
(Courtesy: FDIC as on June 30, 2014)