OPBK OP Bancorp

Margins & Returns

OP Bancorp functions as the parent entity for Open Bank, a financial institution primarily offering banking solutions and services across California. Its diverse array of deposit products encompasses various checking, savings, money market, and demand accounts, along with certificates of deposit. The bank provides a wide range of lending options, including commercial real estate, Small Business Administration (SBA), and general commercial and industrial loans. Additionally, it finances single-family residences, home mortgages, consumer requirements, and offers term loans. The institution also supports international commerce through trade financing, letters of credit, SWIFT services, and export guidance. Beyond core offerings, Open Bank delivers modern conveniences such as debit and credit cards, online transfers, electronic bill payments, and e-statements. Its mobile banking platform, compatible with both iPhone and Android, enables remote check deposits and mobile bill pay. Essential banking services also include direct deposits, cashier's checks, person-to-person (P2P) payments, wire transfers, and Automated Clearing House (ACH) functionalities. For its business clients, the bank provides a comprehensive suite of cash management services. These feature balance reporting, inter-account transfers, initiation of wire and ACH payments, stop payment capabilities, remote deposit capture, positive pay, zero balance accounts, and sweep accounts. As of January 27, 2022, the company maintained a physical presence of nine full-service branches located in Downtown Los Angeles, the Los Angeles Fashion District, Los Angeles Koreatown, Gardena, Buena Park, and Santa Clara in California, as well as in Carrollton, Texas. Furthermore, Open Bank operated four loan production offices in Atlanta, Georgia; Aurora, Colorado; and in Lynnwood and Seattle, Washington. OP Bancorp was established in 2005 and is headquartered in Los Angeles, California.