OP Bancorp (OP3)

Overview

OP Bancorp operates as the bank holding company for Open Bank, providing a comprehensive range of financial products and services primarily in California. This institution has established itself since 2005, serving a diverse customer base through various banking facilities. Headquartered in Los Angeles, California, OP Bancorp has expanded its reach with full branch offices in key locations within California including Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Gardena, Buena Park, and Santa Clara, and extends its services to Carrollton, Texas. Furthermore, it boasts loan production offices in Pleasanton, California; Atlanta, Georgia; Aurora, Colorado; and Lynnwood, Washington, showcasing its commitment to supporting the financial needs of both individuals and businesses across a range of geographical locations.

Products and Services

OP Bancorp offers a varied portfolio of products and services designed to meet the evolving needs of its customers, whether personal or business-related.

• Demand, Checking, Savings, Money Market, and Time Deposit Accounts, along with Certificates of Deposit: These traditional banking services cater to individuals and businesses looking for safekeeping, savings, and investment opportunities with competitive interest rates.
• Commercial Real Estate, Small Business Administration (SBA), Commercial and Industrial Business, Single-Family Residential, Term, Consumer, and Home Mortgage Loans: A wide range of lending products to support property purchases, business expansion, and personal financing needs.
• Trade Financing Products: Solutions that facilitate international trade through services such as letters of credit, and SWIFT and export advice, supporting businesses in managing transactions and operational risks in global markets.
• Debit and Credit Card Services: Providing customers with convenient and secure payment options for day-to-day transactions.
• Online Transfer and Bill Payment, Electronic Delivery of Customer Statements: Digital banking services that allow customers to manage their finances efficiently from anywhere, ensuring easy access to account information and transaction capabilities.
• Mobile Banking Solutions for iPhone and Android Phones, Including Remote Check Deposit with Mobile Bill Pay: These services streamline the banking experience, enabling customers to perform banking tasks directly from their smartphones.
• Direct Deposits, Cashier's Checks, Person to Person Payments, Wire Transfers, and Automated Clearing House (ACH) Services: Various transaction methods that ensure speed, security, and convenience in moving funds.
• Cash Management Services: Designed for businesses, these services include balance reporting, account transfers, wire transfer initiation, ACH origination, and stop payment services, in addition to remote deposit capture, positive pay, zero balance accounts, and sweep accounts. These services are aimed at optimizing cash flow and managing operational finances effectively.