Bank Of Southern California N.A.
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Bank Of Southern California N.A. - overview
Established
2001
Location
Carlsbad, CA, US
Primary Industry
Financial Services
About
Bank Of Southern California N. A. is a financial institution offering tailored banking services to businesses, focusing on escrow, subaccounting, and business banking solutions that enhance operational efficiency and regulatory compliance. Founded in 2001 in Carlsbad, US, Bank Of Southern California N.
A. specializes in providing banking solutions for small to medium-sized enterprises. In September 2016, the bank secured USD 7. 00 mn in a GROWTH funding round led by Castle Creek Capital Partners, raising a total of USD 7.
00 mn to date. David Rainer serves as the CEO of the bank. Bank Of Southern California N. A.
offers comprehensive banking solutions tailored for businesses, including escrow services, subaccounting solutions, and specialized business banking products. These services facilitate smooth transactions, enhance cash flow management, and ensure compliance with regulatory requirements, primarily serving small to medium-sized enterprises in California and beyond. The bank generates revenue through various transactional banking services tailored for its business clients, including escrow and subaccounting services. Revenue is derived from fees associated with these services, which are structured around transaction volume and complexity, ensuring alignment with the value provided to clients.
Following the investment of USD 7. 00 mn from Castle Creek Capital in September 2016, Bank Of Southern California N. A. aims to leverage these funds for expanding its service offerings and enhancing operational capabilities.
The bank is exploring the launch of new products aimed at improving financial tracking for businesses and plans to expand its services beyond California into neighboring markets by 2025.
Current Investors
Castle Creek Capital Partners
Primary Industry
Financial Services
Sub Industries
Retail Banks, Consumer Finance, Commercial Banks
Website
www.banksocal.com
Company Stage
Mature - Growth Capital
Total Amount Raised
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Bank Of Southern California N.A. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Bank Of Southern California N.A. | - |
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