About Commercial Bank of California
Commercial Bank of California is a company based in Irvine (United States) founded in 2003 was acquired by Nbcal in October 2015.. Commercial Bank of California has raised $119.41 million across 2 funding rounds from investors including Nbcal. The company has 132 employees as of December 31, 2022. Commercial Bank of California has completed 1 acquisition, including Community National Bank. Commercial Bank of California operates in a competitive market with competitors including Truist, UniCredit, Equity Bank, Investec and KeyBank, among others.
- Headquarter Irvine, United States
- Employees 132 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Commercial Bank Of California
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$119.41 M (USD)
in 2 rounds
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Latest Funding Round
$119.41 M (USD), Series D
Nov 01, 2024
- Investors
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Employee Count
132
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Nbcal
(Oct 15, 2015)
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Funding Insights of Commercial Bank of California
Commercial Bank of California has successfully raised a total of $119.41M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $119.41 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series D — $119.4M
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First Round
First Round
(29 Dec 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series D - Commercial Bank of California | Valuation |
investors |
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| Dec, 2020 | Amount | Debt – Conventional - Commercial Bank of California | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Commercial Bank of California
Commercial Bank of California has secured backing from 1 investor. Prominent investors backing the company include Nbcal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management and financial services are provided by Nbcal.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Commercial Bank of California
Commercial Bank of California has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Community National Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Retail and business banking services are provided to local communities.
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1851 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Commercial Bank of California
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Commercial Bank Of California Comparisons
Competitors of Commercial Bank of California
Commercial Bank of California operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, UniCredit, Equity Bank, Investec and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Commercial Bank Of California
Frequently Asked Questions about Commercial Bank of California
When was Commercial Bank of California founded?
Commercial Bank of California was founded in 2003 and raised its 1st funding round 17 years after it was founded.
Where is Commercial Bank of California located?
Commercial Bank of California is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Who is the current CEO of Commercial Bank of California?
Ash Patel is the current CEO of Commercial Bank of California.
Is Commercial Bank of California a funded company?
Commercial Bank of California is a funded company, having raised a total of $119.41M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $25M, raised on Dec 29, 2020.
How many employees does Commercial Bank of California have?
As of Dec 31, 2022, the latest employee count at Commercial Bank of California is 132.
What does Commercial Bank of California do?
Commercial Bank of California was founded in 2003 and is headquartered in Irvine, United States. Operations are conducted in the commercial banking sector, where deposit accounts, loans, and related financial services are offered primarily to business clients. The bank maintains a focus on regional markets through its domain, cbcal.com, under the leadership of CEO and President Ash Patel. Standard banking regulations are adhered to in all activities.
Who are the top competitors of Commercial Bank of California?
How many acquisitions has Commercial Bank of California made?
Commercial Bank of California has made 1 acquisition, including Community National Bank.
Who are Commercial Bank of California's investors?
Commercial Bank of California has 1 investor. Key investors include Nbcal.