PCB Bancorp (PCB)

Overview

PCB Bancorp, functioning as the parent holding company for PCB Bank, extends its financial services primarily to small to medium-sized businesses, individuals, and professional entities throughout Southern California. Originally established in 2003 under the name Pacific City Financial Corporation, it underwent a name change to PCB Bancorp in July 2019 and is strategically headquartered in Los Angeles, California. The bank operates via a network of full-service branches scattered across Los Angeles and Orange counties in California; Carrollton and Dallas in Texas; Englewood Cliffs and Palisade Park in New Jersey; and Bayside, New York. Additionally, it maintains loan production offices in multiple locations across the United States, including Los Angeles and Orange Counties, California; Annandale, Virginia; Atlanta, Georgia; Bellevue, Washington; Aurora, Colorado; and Carrollton, Texas, showcasing the breadth of its physical presence and commitment to accessibility.

Products and Services

• Demand, Savings, Money Market, and Time Deposits, as well as Certificates of Deposit: PCB Bancorp offers a variety of deposit products designed to meet the liquidly and investment needs of its clients. These products range from easily accessible demand deposits to time deposits that offer higher interest rates for those willing to commit their funds for longer periods.
• Trade Finance, Remote Deposit Capture, Courier Deposit Services, Positive Pay Services, Zero Balance Accounts, and Sweep Accounts: The bank provides a suite of services aimed at facilitating business operations, from managing cash flow more efficiently to ensuring the security of transactions and optimizing the management of corporate funds.
• Real Estate Loans: Offering commercial and residential real estate loans, PCB Bancorp caters to the needs of businesses and individuals looking to invest in property. This includes loans for purchasing real estate directly, construction loans for development projects, and Small Business Administration (SBA) property loans designed to provide financing to qualify small businesses.
• Commercial and Industrial Loans: The bank offers commercial term loans and lines of credit, SBA commercial term loans, and SBA Paycheck Protection Program loans, targeting businesses seeking to expand, manage cash flow, or sustain operations during challenging times.
• Consumer Loans: For individuals, PCB Bancorp provides residential mortgage loans, automobile loans, unsecured lines of credit, and term loans, offering various financing options for personal needs, be it buying a home, a car, or other personal expenditures.
• Online and Mobile Banking Solutions: PCB Bancorp has embraced digital banking solutions by offering online account management, online bill pay, and electronic delivery of statements, alongside mobile banking features like remote check deposit and mobile bill pay, thereby ensuring banking services are accessible anytime, anywhere.
• Additional Services: The bank also offers a range of auxiliary services including automated teller machines (ATM), banking via telephone, personal appointments, debit cards, direct deposit, cashier's checks, treasury management, wire transfer services, and automated clearing house services, highlighting its comprehensive approach to meeting customer banking needs.