Open Bank - Banks

About Open Bank

Open Bank is a commercial bank headquartered in Los Angeles, California, and is one of the banks in California. It was established in 2005 as First Standard Bank, a California state-chartered bank, and took its current name in October 2010 when it adopted a focus on relationship banking. Its holding company is Op Bcorp, and its primary regulator is the FDIC. The bank describes itself as a community institution guided by faith-based principles, and it states commitments to its clients, employees, and neighborhoods. Its work is particularly associated with the Korean American community, and it is considered one of five major Korean-American banks in the United States. As of the most recent figures in the registry data, Open Bank reported total assets of $2.75 billion, total deposits of $2.37 billion, and 17 branch offices. Its footprint includes branches in California, Texas, and Nevada, along with loan production offices in other states, including Washington, Colorado, and Georgia. The bank is also listed in the Directory of US Banks.

Key Facts

Total Assets

$2.75B

Total Deposits

$2.37B

Branch Offices

17

Established

2005

Holding Company

Op Bcorp

Primary Regulator

FDIC