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Manufacturers Bank was formed by a group of banking entrepreneurs in October, 1962, in downtown Los Angeles to serve the robust apparel industry. Today our scope has expanded to serve the specialized needs of California middle market businesses – manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.
October 1962 - Manufacturers Bank opens its doors at 135 East Ninth Street, Los Angeles, California.
November 1974 - The Mitsui Bank of California, a wholly owned subsidiary of The Mitsui Bank, Ltd., Tokyo, Japan, opens its first office in the World Trade Center in downtown Los Angeles.
June 1981 - Manufacturers Bank is acquired by Mitsui Bank, Limited. Soon after, Mitsui Bank of California merges with Manufacturers Bank, and Mitsui Manufacturers Bank is created.
March 1992 - Our parent takes on the name The Sakura Bank Limited, we drop Mitsui from our name and became simply Manufacturers Bank again.
April 2001 - Our parent The Sakura Bank Limited merges with Sumitomo Bank, Ltd. to start anew as Sumitomo Mitsui Banking Corporation. The merger creates one of the largest networks of financial services in the world.
December 2004 - Manufacturers Bank is well capitalized with a tier 1 risk-based capital ratio of 16.40% and a total risk-based capital ratio of 17.66%
Our mission is to be "the bank of choice" for middle market and lower middle market companies in the markets we serve. We establish strong long-term customer relationships by consistently exceeding the expectations of our customers and providing superior products and services. We will provide a work environment that motivates and rewards energetic and competent people for contributing to the implementation of our strategies and the attainment of our goals. We will enhance the value of the shareholder's interest by continually increasing the value of the bank and maintaining a sound credit portfolio. We will be a positive influence in the communities we serve.
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