Manufacturers Bank, a California commercial bank with total assets of $2.23 billion, is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which in turn is a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG).
Products & Services
The Bank continued to maintain its strategic focus on loan growth in 2013. As of June 30, 2013, total loans were $1.36 billion, a $31.4 million or 2.4% increase over year end 2012 total loans of $1.33 billion. Commercial and Industrial loans totaled $802.3 million at June 30, 2013, an increase of $35.2 million over year end 2012, and represent 59.0% of the overall gross loan portfolio. Real Estate loans totaled $533.3 million at June 30, 2013, a decrease of $1.8 million over year end 2012, and represent 39.2% of the overall loan portfolio.