First Choice Bank CA
About First Choice Bank CA
First Choice Bank CA is a Financial Services company based in Cerritos (United States) founded in 2005, and was acquired by Enterprise Financial Services in April 2021. Commercial banking services are offered to businesses and individuals. First Choice Bank CA has completed 2 acquisitions, including Pacific Commerce Bank and Vantage Point Bank. Its focus areas include Banks and Commercial Banks. Its legal entity is FIRST CHOICE BANCORP. Its competitors include Truist, First Republic Bank and Equity Bank; 1 of its 3 listed competitors has raised funding.
Company details
First Choice Bank was established in 2005 as a commercial bank based in Cerritos, United States. Operations focus on providing standard banking services, including deposit accounts, loans, and business financing options. The institution serves local and regional clients within the financial sector, with activities centered on supporting commercial and personal banking needs. Its online presence is maintained through the domain firstchoicebankca.com, facilitating access to core offerings.
- Headquarters Cerritos, United States
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website firstchoicebankca.com
- Social LinkedIn X
- Acquired by Enterprise Financial Services (Apr 2021)
- Legal Name First Choice Bancorp
- Latest Funding Round$3.88M (USD), Post-IPO
Jun 2014
- Investors
- Investments & AcquisitionsPacific Commerce Bank
& 1 more
- Acquired byEnterprise Financial Services
(Apr 2021)
Funding Insights of First Choice Bank CA
- Total Rounds 2
- Last Round Post-IPO — $3.88M
- First Round $4.7M
(Jun 2014)
All 2 funding rounds of First Choice Bank CA with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2014 | $3.88M | Post-IPO | – | – | – |
| Jun 2014 | $4.7M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in First Choice Bank CA
First Choice Bank CA has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Enterprise Financial Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided to businesses and individuals. | 1988 | enterprisebank.com | Olathe, United States |
Investor details for First Choice Bank CA
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People of First Choice Bank CA
15 people are tracked at First Choice Bank CA (4 in leadership, 10 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Mag Wangsuwana | SVP, Chief Financial Officer | Leadership |
Gene May | EVP, Chief Credit Officer | Leadership |
Yolanda S. Su | EVP, Chief Operations Administrator | Leadership |
Robert Franko | President & CEO | Leadership |
Roshan Bhakta | Director | Board & advisors |
Peter Hui | Chairman | Board & advisors |
Pravin Pranav | Director | Board & advisors |
Max Freifeld | Director | Board & advisors |
James Gray | Director | Board & advisors |
Luis Maizel | Director | Board & advisors |
Phillip Thong | Vice Chairman | Board & advisors |
Lynn Mckenzie-Tallerico | Director | Board & advisors |
Fred Jensen | Director | Board & advisors |
Thomas Iino | Director | Board & advisors |
Khoi D. Dang | EVP, General Counsel | Team |
Complete people profiles for First Choice Bank CA
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by First Choice Bank CA
First Choice Bank CA has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Pacific Commerce Bank and Vantage Point Bank.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Commercial bank | pacificcommercebank.com | Los Angeles, United States | 2002 | Feb 2018 | $112.8M | |
Commercial banking services are provided to businesses and individuals. | vantagepointbank.com | Horsham, United States | 2007 | Feb 2014 | •••• |
Complete acquisition details for First Choice Bank CA
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- Deal sources
- Complete history
- Exports
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Timeline of First Choice Bank CA
6 dated milestones of First Choice Bank CA across 16 years, from founding to its latest funding, stage changes and deals.
- Founded First Choice Bank CA is founded.
- Acquisition Acquires Vantage Point Bank.
- Funding First funding round of $4.7M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Pacific Commerce Bank.
- Exit Acquired by Enterprise Financial Services.
Competitors of First Choice Bank CA
First Choice Bank CA has 3 listed competitors in our database, 1 of them funded. They include Truist, First Republic Bank and Equity Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | 55,480 | Wealth advisory and banking services are offered to clients. | ||
| firstrepublic.com | 1985 | San Francisco, United States | 7,065 | Commercial bank | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. |
Detailed competitors of First Choice Bank CA
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Web traffic of First Choice Bank CA
The website of First Choice Bank CA (firstchoicebankca.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 241.6% vs previous month
Websites whose visitors overlap most with First Choice Bank CA. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| firsthomebank.com | 100% | View details | |||
| fnbrf.com | 99% | 16.5K | #1,733,091 | View details | |
| unitedprairiebank.com | 99% | 41.7K | #765,364 | View details | |
| firstindependence.com | 99% | 9.3K | #2,060,979 | View details | |
| comdevbank.com | 98% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for First Choice Bank CA
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- 11 similar websites
- Audience overlap
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Related news about First Choice Bank Ca
Complete news archive for First Choice Bank CA
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Frequently Asked Questions about First Choice Bank CA
First Choice Bank CA was founded in 2005 and raised its 1st funding round 9 years after it was founded.
First Choice Bank CA is headquartered in Cerritos, United States. It is registered at Cerritos, California, United States.
First Choice Bank was established in 2005 as a commercial bank based in Cerritos, United States. Operations focus on providing standard banking services, including deposit accounts, loans, and business financing options. The institution serves local and regional clients within the financial sector, with activities centered on supporting commercial and personal banking needs. Its online presence is maintained through the domain firstchoicebankca.com, facilitating access to core offerings.
First Choice Bank CA's top competitors include Truist, First Republic Bank and Equity Bank.
First Choice Bank CA has made 2 acquisitions, including Pacific Commerce Bank, and Vantage Point Bank.
First Choice Bank CA has 1 investor. Key investors include Enterprise Financial Services.
First Choice Bank CA operates through First Choice Bancorp.
Yes. First Choice Bank CA was acquired by Enterprise Financial Services in April 2021.