CU Bancorp (CA)

CU Bancorp (CA)

CUNB
CU Bancorp (CA)US flagNASDAQ
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USD
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
Sector
Financial Services
Industry
Banks - Regional
Address
IPO Date
Nov 10, 2005
Business
CU Bancorp (CA) (Nasdaq: CUNB) operates as the bank holding company for Cornerstone State Bank, a California state-chartered bank that provides commercial banking services to individuals, small to mid-sized businesses, and professionals primarily in Southern California. The bank offers a range of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit; and lending products such as commercial real estate loans, commercial and industrial loans, construction loans, multifamily loans, small business administration loans, and consumer loans including residential mortgages and home equity lines of credit. It operates through a network of branches in California, with headquarters in Irvine, California, where it was founded in 1979. Cornerstone State Bank serves retail and commercial customers in the banking industry, focusing on the Southern California market with emphasis on small business lending and community-oriented services. The company maintains relationships with local businesses and provides treasury management services, online banking, cash management, and merchant services to support its client base. As a community bank, it emphasizes personalized service and relationship banking within the competitive regional banking segment. In recent developments, CU Bancorp completed a strategic merger with Community West Bancshares in early 2024, significantly expanding its footprint and asset base to over $3 billion, marking a major growth initiative in the California banking sector. This acquisition enhanced its commercial banking capabilities and branch network in Central California. No significant name changes, new product launches, or additional funding rounds have been reported in the past 1-2 years.