1st Pacific Bancorp operates as the holding company for 1st Pacific Bank of California that provides commercial banking products and services primarily to small and middle-market businesses and professionals in San Diego County. The company offers a line of loan and deposit products and certain related financial services. Market Area The company operates seven full-service branch offices, three in San Diego, California; one in Oceanside, California; one in El Cajon, California; one in Solana Beach, California; and one in La Jolla, California. In 2008, a limited service branch office was opened in downtown San Diego. Lending Services The company’s lending activities focus on commercial and residential real estate loans, construction loans, commercial business loans, and loans made or guaranteed through the small business administration (the SBA) loan program responsive to the target market’s needs. Real Estate Loans: The company offers real estate loans for construction and term financing. Construction loans include loans for single-family homes (both owner occupied and speculative), small residential tract developments, commercial projects (such as multi-family housing, industrial, office, and retail centers) and early stage acquisition and development loans for land and lots. Permanent financing is offered for commercial properties and single-family residential properties. Commercial Loans: The company offers short-term working capital loans, both secured and unsecured; revolving credit accounts, secured and unsecured, such as credit extensions supported by formal business assets; single purpose loans, such as term loans for facilities, plant, and equipment; and Stand-by letters of credit. Consumer Loans: The company's consumer loans include loans for personal, family, or household purposes. Deposits The company offers personal and business checking, money market, savings, and certificates of deposit accounts which can all be tied into a one-statement package. Other Services Cash Management Services: The company’s cash management products include online banking, automated clearing house (ACH) origination, wire transfers, daily sweep products, lockbox processing, and account transfers / management. It also has a wire transfer system with features for business customers that, among other things, provide immediate confirmation of wire receipts. In addition to these products, the company offers courier service to collect deposits from San Diego-area customers and has a correspondent relationship with another bank allowing it to accept deposits at various third party locations for non-local depository needs. The company also offers a service called Remote Deposit Capture which allows the customer to create and submit a deposit from its place of business. The company offers BusinessPro Deposit Link online banking program for businesses. Internet Banking: Through Internet banking customers may conduct their banking business remotely from any location and business customers are able to access cash management products, originate wire transfers, and complete ACH transactions. History 1st Pacific Bancorp was founded in 2000.
1st pacific bancorp (FPBN:OTC US)
9333 Genesee Avenue
San Diego, CA 92121
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To contact 1ST PACIFIC BANCORP, please visit www.1stpacbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.