Mission Bancorp (MSBC)

Overview

Mission Bancorp serves as a prominent banking holding company for Mission Bank, offering a wide range of banking products and services tailored to meet the needs of both individual and corporate clients across California. Established in 1998, and with its headquarters situated in Bakersfield, California, the company has expanded its operations to include eight full-service facilities strategically located throughout the state, including in Shafter, Bakersfield, Lancaster, Ventura, Stockton, San Luis Obispo, and Visalia. With a focus on community-based banking solutions, Mission Bancorp is committed to fostering strong, local financial ecosystems through its comprehensive banking offerings.

Products and Services

• Checking and Savings Accounts: The bank accepts a variety of account types, including checking, savings, NOW accounts, money market accounts, fiduciary accounts, and individual retirement accounts (IRAs), alongside time deposits and certificates of deposit (CDs). These accounts are designed to cater to both personal and business banking needs, offering flexible options for money management.
• Commercial Loans: Mission Bank extends a broad portfolio of commercial loan products, including lines of credit, equipment and vehicle financing, permanent working capital or debt refinancing, commercial real estate loans, construction financing, and letters of credit. These services are tailored to support the growth and operational needs of businesses of all sizes.
• Agricultural Loans: Catering to the specific needs of the agricultural sector, the bank provides operating/crop lines of credit, cattle loans, equipment loans, real estate loans, and loans for farmers. This suite of products is designed to support the unique financial requirements of agribusinesses and farmers.
• SBA Loans: By offering Small Business Administration (SBA) loans, Mission Bank provides financial assistance to small businesses seeking to start or expand their operations. These loans come with the backing of the federal government and are designed to offer more favorable terms to qualifying businesses.
• Debit and Credit Cards: To facilitate day-to-day financial transactions for individuals and businesses, the bank issues debit and credit cards. These cards offer convenience, security, and flexibility in accessing funds and making payments.
• Merchant Card Processing: Mission Bank offers merchant card processing services, enabling businesses to accept credit and debit card payments from their customers. This service is essential for businesses looking to streamline payment processes and enhance customer convenience.
• Online and Mobile Banking Services: With a focus on digital banking solutions, the bank provides online and mobile banking services, allowing customers to manage their accounts, transfer funds, and make payments remotely, ensuring convenience and accessibility.
• Additional Services: The bank offers a range of additional services, including online cash management, remote deposit capture, treasury management, and cash vault services. It also facilitates property exchange transactions. These services are designed to meet the comprehensive banking needs of its clientele.