First Pacific Bancorp Inc. (FPBC)

Overview

First Pacific Bancorp, initially known as Friendly Hills Bancorp until its name change in September 2023, operates as a bank holding company for First Pacific Bank. This institution provides a broad array of financial products and services, designed to cater to the needs of small and middle-market businesses as well as individual clients. With a founding year of 2006 and based in Whittier, California, First Pacific Bancorp has strategically positioned its services to serve the communities within the Los Angeles, Orange, and San Bernardino County areas. This spans across locations in Los Angeles County, Orange County, San Diego County, and the Inland Empire, positioning it as a pivotal financial entity in California's vibrant economic landscape.

Products and Services

Deposit Products: First Pacific Bancorp offers a comprehensive suite of deposit products tailored to accommodate the diverse financial needs of its clientele. This includes traditional checking and savings accounts, money market and NOW accounts for more flexible cash management, sweep and individual retirement accounts (IRAs) for enhanced saving plans, and term certificates of deposit for fixed investment strategies.

Loan Products: The company's loan portfolio includes products aimed at facilitating personal and business financial growth. Among these are real estate construction loans, loans for 1-4 family residences, commercial real estate financing, and commercial and industrial loans. Consumer-oriented loans, business expansion financing, Small Business Administration (SBA) loans, automobile and personal loans, as well as machinery, technology solutions, commercial vehicle, and equipment financing options, exemplify the bank's commitment to supporting both personal and professional financial ambitions. Additionally, working capital and lines of credit, letters of credit, home equity lines of credit, and truck financing solutions cater to the dynamic needs of independent owner operators and small fleet owners.

Banking and Financial Services: Beyond conventional banking products, First Pacific Bancorp provides a variety of services designed to enhance business operations and personal financial management. This includes business and cash management services, insured cash sweep facilities, and remote deposit capture capabilities, catering to the modern needs of efficient cash handling and banking convenience. The provision of automated clearing house (ACH) transactions, courier services, wire transfers, and Positive Pay offers a secure and streamlined approach to handling large transaction volumes. Specialty banking solutions, coupled with online and mobile banking platforms, ensure that customers have continuous access to their financial resources. The availability of automated teller machines (ATMs), alongside debit and credit card services, rounds off the bank’s comprehensive suite of financial tools designed to meet the evolving needs of its customers.