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Home About Us About Center Bank History
Center Bank is a full-service commercial bank founded in March of 1986 in Los Angeles. The bank provides comprehensive financial services for small to medium sized business owners in the greater Los Angeles area. Nineteen banking offices and a loan production office located throughout the region give convenient access to customers in major residential and commercial communities. By providing personalized service and innovative banking products, Center Bank has established itself as one of the most successful leading banks within the community. Since its inception in 1986, Center Bank has grown to $2 billion in assets from a mere $4 million initial capitalization.
Important Events in Center Bank's History
April 28, 2010
Center Financial reports profitable 2010 first quarter, marking its return to profitable operations with net income of $2.8 million, equal to $0.10 per diluted share.
April 16, 2010
Center Bank assumes all deposits of Oakland, California-Based Innovative Bank from FDIC
February 2010
Center Bank's New Web site is launched.
December 30, 2009
Center Financial to raise $73.5 million through Private placement.
December 1, 2009
Center Financial raises $12.8 million through Private placement.
October 2009
Center Bank's Message Serice to alert customers by e-mail or text is launched.
April 2009
Center Bank was the first Korean American Bank to launch a live customer chat service.
July 2008
Wilshire Office relocates to expanded premises at 3435 Wilshire Blvd, Suite 150, Los Angeles, California 90010. Office name is changed to Main office.
March 2008
Diamond Bar Office opens for business at 2809 S. Diamond Bar Blvd, Diamond Bar, CA 91765.
March 2008
Oxford Office relocates to expanded premises at 808 South Western Ave. #101, Los Angeles, CA 90005.
Office name is changed to South Western Office.
November 2007
Federal Way Office opens for business at 31217 Pacific Highway South, suite A-101 in Federal Way, WA.
September 2007
Total asset size reaches $2 billion.
July 2007
Loan Production Office begins its operation in Northern CA.
November 2005
Irvine Office opens for business at 14429 Culver Dr. in Irvine, CA.
April 2005
Seattle Office opens for business at 17410 Highway 99, Suite 120 in Lynnwood, WA.
March 2005
Total asset size totals $1.39 billion.
December 2004
Valley Office opens for business at 10147 Reseda Blvd. in Northridge, CA.
October 2004
Loan Production Office begins its operation in Houston, TX.
October 2004
Loan Production Office begins its operation in Dallas, TX.
August 2004
Loan Production Office begins its operation in Honolulu, HI.
June 2004
Inland Office relocates to expanded premises at 1040 S. Mt. Vernon Ave., Suite A in Colton, CA.
April 2004
Chicago Office opens for business at 181 West Madison St. in Chicago, IL.
January 2004
Board of Directors declares two-for-one stock split.
December 2003
Total asset size surpasses $1 billion.
October 2003
The Nevada Loan Production Office begins operation in Las Vegas.
October 2003
Western Office relocates to a prominent location.
August 2003
Fullerton Office opens for business at 5300 Beach Blvd, Buena Park, CA.
November 2002
Loan Production Office begins operation in the District of Columbia.
October 2002
Center Bank reorganizes to a bank holding company, Center Financial Corporation, and begins trading on the Nasdaq National Market with trading symbol CLFC.
September 2002
Total asset size surpasses $750 million.
June 2001
Total asset size surpasses $500 million.
June 2001
San Diego Office opens for business at 4444 Convoy St, San Diego, CA
June 2001
Cerritos Office opens for business at 17127 S. Pioneer Blvd, Artesia, CA
May 2001
Torrance Office opens for business at 2742 W. Sepulveda Blvd, Torrance, CA
May 2001
Wilshire Office opens for business at 3435 Wilshire Blvd, Suite #100, Los Angeles, CA
April 2001
San Pedro Office opens for business at 1059 South San Pedro St, Los Angeles, CA.
March 2001
Loan Production Office begins operation in Denver, Colorado
September 2000
Loan Production Office begins operation in Seattle, Washington
September 2000
Inland Office opens for business at 1080 S. Mount Vernon Ave. Colton, CA.
August 2000
Total asset size reaches over $400 million
December 1991
Western branch opens for business at 4301 W. 3rd St, Los Angeles, CA
September 1990
Downtown Office opens for business at 1205 S. Broadway, Los Angeles, CA.
June 1989
Total asset size reaches $100 million
March 1989
Garden Grove Office opens for business at 8132 Garden Grove Blvd, Garden Grove, CA
October 1987
Gardena Office opens for business at 1400 W. Redondo Beach Blvd, Gardena, CA.
March 1986
California Center Bank opens for business at 2222 W. Olympic Blvd, Los Angeles, CA.