About Bank of Santa Clarita
Bank of Santa Clarita provides various commercial banking services to individuals and small- to medium-sized businesses in Santa Clarita and surrounding communities. The company’s banking services include real estate, Small Business Administration, commercial and consumer loans, consumer and business checking accounts, savings accounts, certificates of deposit, trade finance, money transfers and other services. The company operates from its corporate headquarters and banking offices located in Santa Clarita, California. The company is a state chartered depository institution, the deposits of which are insured by the Federal Deposit Insurance Corporation (FDIC). As an insured depository institution, the company is subject to the regulations of certain Federal and State agencies and undergoes periodic examination by those regulatory authorities. Loans The company grants real estate secured (including construction) and consumer loans to borrowing customers. A portion of the loan portfolio is represented by real estate loans in the Los Angeles metropolitan area. Portfolio segments identified by the company include loans secured by real estate, commercial loans and consumer loans. Real Estate Secured: Real estate secured loans primarily consists of loans secured by commercial real estate. Real estate secured loans also include residential real estate loans and of construction loans. These loans are also secured by real estate. Commercial: Commercial loans are loans secured by equipment, accounts receivable and other forms of business-related assets, as well as personal guarantees from principals participating in the respective businesses. Consumer: Consumer loans consist of loans secured by underlying collateral, primarily automobiles. The company grants commercial, real estate, construction and installment loans to businesses and individuals primarily in Santa Clarita and the surrounding communities. Majority loans are secured by business assets, commercial real estate, and/or residential real estate. Investment Securities The company’s securities consist of its investments in mortgage-backed securities and collateralized mortgage obligations. As of December 31, 2016, the company’s investment securities included mortgaged-backed securities, such as single family residential loans and multifamily residential loans. Deposits As of December 31, 2016, the company’s deposits included interest-bearing deposits, such as money market, savings, and demand deposits, as well as time deposits; and noninterest-bearing demand deposits. History Bank of Santa Clarita was founded in 2004.