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About Manufacturers Bank
Manufacturers Bank
EARNINGS UPDATES
Manufacturers Bank Reports 2013 Earnings
Manufacturers Bank Reports First Half 2013 Earnings
Manufacturers Bank Reports 2012 Earnings
MANUFACTURERS BANK; GLENDALE PRESS RELEASE
Manufacturers Bank Reports First Nine Months 2012 Earnings
National Bank of California and Manufacturers Bank Announce Agreement for Sale of Deposits and Branch Facility of Glendale Regional Office to Manufacturers Bank
Manufacturers Bank Reports First Half 2012 Earnings
Celebrating 50 Years of Service
Manufacturers Bank Reports 2011 Earnings
Manufacturers Bank Elects Naresh Sheth President & COO
Manufacturers Bank Reports First Half 2011 Earnings
Manufacturers Bank Reports 2010 Earnings
Manufacturers Bank announces the listing of Sumitomo Mitsui Financial Group on the New York Stock Exchange
Manufacturers Bank Reports Second Quarter 2010 Earnings


Manufacturers Bank Reports 2013 Earnings

March 28, 2014

Manufacturers Bank Reports 2013 Earnings

Manufacturers Bank (the Bank), a California commercial bank with total assets of $2.3 billion, is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which in turn is a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG). The Bank reported net income for the year ended December 31, 2013 of $7.9 million compared to $5.8 million in 2012. Increased earning assets, a modestly improved net interest margin and gain on sale of other assets resulted in favorable year over year earnings performance.

In 2013, the Bank maintained its strategic focus on loan growth and achieved a third consecutive historic benchmark year. As of December 31, 2013, total loans were $1.57 billion, a $240.4 million or 18.1% increase over year end 2012 total loans of $1.33 billion. Commercial and Industrial loans totaled $908.3 million at December 31, 2013, an increase of $141.2 million over year end 2012, and represent 57.9% of the overall gross loan portfolio. Real Estate loans totaled $635.9 million at December 31, 2013, an increase of $100.8 million over year end 2012, and represent 40.5% of the overall loan portfolio.


Credit quality remained exceptional through 2013. Credit quality is reflected in the percentage of non-accrual loans to total loans of 0.19% as of December 31, 2013. The allowance for credit loss ratio remains satisfactory at 1.52% as of December 31, 2013.


Capital remained strong as evidenced by Tier 1 and Total risk-based capital ratios of 15.66% and 16.91%, respectively; both ratios exceed the minimum requirements of a well-capitalized institution of 6% and 10%, respectively.


Message from Naresh Sheth, President & COO


Naresh Sheth, President and Chief Operating Officer, commented, "I am very pleased to report the Bank's sound earnings performance in 2013. As a result of the cohesive teamwork of our dedicated staff, the Bank was able to enjoy a third consecutive year of historic loan growth. Along with the increase in earning assets, the Bank maintained remarkable asset quality. Our Bank continues to enjoy strong capital and liquidity and a solid customer base.

Our continued strong credit quality and financial strength could be accomplished only because of our experienced senior management team, a core of experienced bankers and our dedicated personnel. This has allowed our Bank to maintain strong banking relationships with existing as well as many new customers. We continue our dedication to supporting the traditional service values of a financially strong and stable business bank by providing a full array of excellent products and services in a timely, flexible and responsive manner.


We sincerely thank our customers for giving us an opportunity to serve them for over 50 years and our staff for their dedication and valued service."



Manufacturers Bank has been operating mainly in Southern California, consistently delivering tailored financial solutions that enhance the economic well-being of its middle market customers. Bauer Financial Inc., an independent bank rating company, has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.


Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Little Tokyo, Beverly Hills, Encino, Warner Center, Glendale, San Jose, City of Industry, Torrance and Newport Beach.


Member FDIC and SBA Preferred National Lender

Equal Opportunity Lender


All statements in this release, except for historical facts, should be considered forward looking, including statements about the Banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the Banks operations and continued evolution in the financial services industry.


For additional information please contact: Cindy Rude, SVP, Marketing & Product Development Manager, 213-489-6353 or Karen Abajian, EVP, Chief Financial Officer, 213-489-6478





Manufacturers Bank Reports First Half 2013 Earnings

September 13, 2013


Manufacturers Bank Reports First Half 2013 Earnings


Manufacturers Bank (the Bank), a California commercial bank with total assets of $2.23 billion, is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which in turn is a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG). The Bank reported net income for the six months ended June 30, 2013 of $3.5 million compared to $3.2 million for the same period in 2012. Increased earning assets and a reduction in non-interest expense resulted in favorable year over year earnings performance.

The Bank continued to maintain its strategic focus on loan growth in 2013. As of June 30, 2013, total loans were $1.36 billion, a $31.4 million or 2.4% increase over year end 2012 total loans of $1.33 billion. Commercial and Industrial loans totaled $802.3 million at June 30, 2013, an increase of $35.2 million over year end 2012, and represent 59.0% of the overall gross loan portfolio. Real Estate loans totaled $533.3 million at June 30, 2013, a decrease of $1.8 million over year end 2012, and represent 39.2% of the overall loan portfolio.


Credit quality remained sound through the first six months of 2013. Credit quality is reflected in the percentage of non-accrual loans to total loans at 0.75% as of June 30, 2013. The allowance for credit loss ratio remains satisfactory at 1.64% as of June 30, 2013.


Capital remained strong as evidenced by Tier 1 and Total risk-based capital ratios of 15.71% and 16.96%, respectively; both ratios exceed the minimum requirements of a well-capitalized institution of 6% and 10%, respectively.


Message from Naresh Sheth, President & COO


Naresh Sheth, President and Chief Operating Officer, commented, "We as a management team are encouraged that despite the extremely competitive lending market, in conjunction with subdued loan demand, the Bank achieved modest loan growth in the first half of 2013. The Bank remains committed to its strategic initiatives of organic and non-organic growth. Our continued sound credit quality and strong financial strength could be accomplished only because of our experienced senior management team, a core of experienced bankers and our dedicated personnel. This has allowed our Bank to maintain strong banking relationships with existing as well as many new customers. We continue our dedication to supporting the traditional service values of a financially strong and stable business bank by providing a full array of excellent products and services in a timely, flexible and responsive manner.

We sincerely thank our customers for giving us an opportunity to serve them for over 50 years and our staff for their dedication and valued service."



Manufacturers Bank has been operating mainly in Southern California, consistently delivering tailored financial solutions that enhance the economic well-being of its middle market customers. Bauer Financial Inc., an independent bank rating company, has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.

Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Little Tokyo, Beverly Hills, Encino, Warner Center, Glendale, San Jose, City of Industry, Torrance, Newport Beach and Ontario.

Member FDIC and SBA Preferred National Lender

Equal Opportunity Lender

All statements in this release, except for historical facts, should be considered forward looking, including statements about the Banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the Banks operations and continued evolution in the financial services industry.

For additional information please contact: Cindy Rude, VP, Marketing, 213-489-6353 or Karen Abajian, EVP, Chief Financial Officer, 213-489-6478.






Manufacturers Bank Reports 2012 Earnings

April 9, 2013

Manufacturers Bank Reports 2012 Earnings

Manufacturers Bank (the Bank), a California commercial bank with total assets of $2.2 billion, is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which in turn is a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG). The Bank reported net income for the year ended December 31, 2012 of $5.8 million compared to $3.7 million in 2011. Increased earning assets and a modestly improved net interest margin resulted in favorable year over year earnings performance.

The Bank maintained its strategic focus on loan growth in 2012. As of December 31, 2012, total loans were $1.33 billion, a $189.8 million or 16.7% increase over year end 2011 total loans of $1.14 billion. Commercial and Industrial loans totaled $767.1 million at December 31, 2012, an increase of $104.0 million over year end 2011, and represent 57.7% of the overall gross loan portfolio. Real Estate loans totaled $535.1 million at December 31, 2012, an increase of $88.9 million over year end 2011, and represent 40.3% of the overall loan portfolio.

Credit quality remained sound through 2012. Credit quality is reflected in the percentage of non-accrual loans to total loans at 0.94% as of December 31, 2012. The allowance for credit loss ratio remains satisfactory at 1.57% as of December 31, 2012.

Capital remained strong as evidenced by Tier 1 and Total risk-based capital ratios of 15.09% and 16.29%, respectively; both ratios exceed the minimum requirements of a well-capitalized institution of 6% and 10%, respectively.

Message from Naresh Sheth, President & COO

Naresh Sheth, President and Chief Operating Officer, commented, "It is doubly satisfying to report that the Bank not only continued to achieve exceptional loan growth and earnings performance throughout 2012, but also announced its first acquisition agreement. On November 29, 2012, we announced that the Bank entered into a purchase and assumption agreement to transfer the deposits and branch facility of National Bank of California's full service branch office in Glendale, California. The new branch commenced business on February 11, 2013. We are excited about this opportunity to further entrench ourselves into the Southern California marketplace.

Our continued sound credit quality and strong financial strength could be accomplished only because of our experienced senior management team, a core of experienced bankers and our dedicated personnel. This has allowed our Bank to maintain strong banking relationships with existing as well as many new customers. We continue our dedication to supporting the traditional service values of a financially strong and stable business bank by providing a full array of excellent products and services in a timely, flexible and responsive manner.

We sincerely thank our customers for giving us an opportunity to serve them for over 50 years and our staff for their dedication and valued service."



Manufacturers Bank has been operating mainly in Southern California, consistently delivering tailored financial solutions that enhance the economic well-being of its middle market customers. Bauer Financial Inc., an independent bank rating company, has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.

Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Little Tokyo, Beverly Hills, Encino, Warner Center, Glendale, San Jose, City of Industry, Torrance, Newport Beach and Ontario.

Member FDIC and SBA Preferred National Lender

Equal Opportunity Lender

All statements in this release, except for historical facts, should be considered forward looking, including statements about the Banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the Banks operations and continued evolution in the financial services industry.

For additional information please contact: Cindy Rude, VP, Marketing, 213-489-6353 or Karen Abajian, EVP, Chief Financial Officer, 213-489-6478.






MANUFACTURERS BANK; GLENDALE PRESS RELEASE

February 12, 2013

Manufacturers Bank Announces the Opening of a new Branch Office in Glendale, California.

Over fifty years ago Manufacturers Bank opened its doors to customers, serving the growing population in the city of Los Angeles, California. Today, the bank announces it is growing and expanding to accommodate the needs of our community and local business owners in the Tri-Cities community.

Open for business commencing February 11, 2013, our new branch, located at 520 N Brand Blvd., Glendale, CA 91203-4700 will enable the bank to provide its customers with superior customer service through Expert MB Bankers.  It is the bank's vision to be a premier business bank in California that provides the expertise of a "big" bank with the "personal touch" of a smaller bank.  Please join Manufacturers Bank for the Open House and Ribbon Cutting Celebration at the new Glendale location on March 27, 2013 from 11:00 AM to 2:00 PM.



A message from Manufacturers Bank Chairman and CEO: 

Mitsugu Serizawa, Chairman and CEO, said: "We are excited with our recent purchase of a full service branch in Glendale.  We are committed to be part of the Glendale Tri-Cities community, to be able to service our fellow neighbors and help the local business community to grow as we have done for over 50 years in Southern California.  Our goal is to earn your business. We look forward to building a relationship with you for years to come as we have with our loyal customers. Additionally, we are looking forward to being a part of this exciting community by welcoming you at our new branch location."

A message from Manufacturers Bank Glendale Office Vice President and Manager:

Leslie A. Lyons, Branch Manager and Vice President said:  "It is my pleasure to welcome you to the new Glendale office of Manufacturers Bank, serving the Tri-Cities community. Manufacturers Bank has been a leading financial institution in Los Angeles since its founding over fifty years ago. Our Glendale branch joins our ten other full service branches located in California - nine located throughout Southern California and one in Northern California.

As a business banker, it has been my privilege to serve members of the Glendale community for the past eighteen years and I am excited to continue my banking career serving you in the new Glendale Branch of Manufacturers Bank. I look forward to providing you with superior financial products and customer service that will help open doors that others cant."



About Manufacturers Bank

Manufacturers Bank, a California commercial bank with total assets of $2.2 billion, is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which in turn is a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG).

Established in 1962, Manufacturers Bank has been operating mainly in southern California consistently delivering tailored financial solutions that enhance the economic well-being of its middle market customers.

Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Glendale, Little Tokyo, Beverly Hills, Encino, Warner Center, San Jose, City of Industry, Torrance, Newport Beach, and Ontario.

Bauer Financial Inc., an independent bank rating company has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.

Member FDIC.

All statements in this release, except for historical fact, should be considered forward looking, including statements about the Banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the Banks operations and continued evolution in the financial services industry.



For additional information please contact:

Cindy Rude
VP, Marketing & P D Manager
213-489-6353 

Karen C Abajian
EVP, Chief Financial Officer
213-489-6478






Manufacturers Bank Reports First Nine Months 2012 Earnings

December 31, 2012

Manufacturers Bank (the Bank), a California commercial bank with total assets of $2.09 billion, is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which in turn is a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG). The Bank reported net income for the nine months ended September 30, 2012 of $4.6 million compared to $3.3 million for the same period in 2011. Increased earning assets and improved net interest margin resulted in favorable year over year earnings performance.

The Bank maintained its strategic focus on loan growth in 2012. As of September 30, 2012, total loans were $1.29 billion, a $150.9 million or 13.2% increase over year end 2011 total loans of $1.14 billion. Commercial and Industrial loans totaled $752.4 million at September 30, 2012, an increase of $89.3 million over year end 2011, and represent 58.3% of the overall gross loan portfolio. Real Estate loans totaled $512.2 million at September 30, 2012, an increase of $65.9 million over year end 2011, and represent 39.7% of the overall loan portfolio.

Credit quality remained sound through the first nine months of 2012. Credit quality is reflected in the percentage of non-accrual loans to total loans at 1.03% as of September 30, 2012. The allowance for credit loss ratio remains satisfactory at 1.48% as of September 30, 2012.

Capital remained strong as evidenced by Tier 1 and Total risk-based capital ratios of 16.37% and 17.57%, respectively; both ratios exceed the minimum requirements of a well-capitalized institution of 6% and 10%, respectively.

Message from Naresh Sheth, President & COO

Naresh Sheth, President and Chief Operating Officer, commented, "It is doubly satisfying to report that the Bank not only continued to achieve exceptional loan growth and earnings performance through the first three quarters of 2012, but has also announced its first acquisition agreement. On November 29, 2012, we announced that the Bank had entered into an agreement to purchase and assume the deposits and branch facility of National Bank of Californias full service branch office in Glendale, California. We are excited about this opportunity to further entrench ourselves into the Southern California marketplace. Our continued sound credit quality and strong financial strength could be accomplished only because of our experienced senior management team, a core of experienced bankers and our dedicated personnel. This has allowed our Bank to maintain strong banking relationships with existing as well as many new customers. We continue our dedication to supporting the traditional service values of a financially strong and stable business bank by providing a full array of excellent products and services in a timely, flexible and responsive manner.

We sincerely thank our customers for giving us an opportunity to serve them for over 50 years and our staff for their dedication and valued service."



Manufacturers Bank has been operating mainly in Southern California, consistently delivering tailored financial solutions that enhance the economic well being of its middle market customers. Bauer Financial Inc., an independent bank rating company, has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.

Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Little Tokyo, Beverly Hills, Encino, Warner Center, San Jose, City of Industry, Torrance, Newport Beach and Ontario.

All statements in this release, except for historical facts, should be considered forward looking, including statements about the Banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the Banks operations and continued evolution in the financial services industry.

For additional information please contact:

Anthony Fortunato
EVP, Marketing & P D, Manager
213-489-8735

Karen C Abajian
EVP, Chief Financial Officer
213-489-6478






National Bank of California and Manufacturers Bank Announce Agreement for Sale of Deposits and Branch Facility of Glendale Regional Office to Manufacturers Bank

LOS ANGELES, CALIFORNIA, November 29, 2012 - National Bank of California, the wholly owned subsidiary of NCAL Bancorp (OTCBB: NCAL) ("NCAL") and Manufacturers Bank, a wholly-owned subsidiary of Sumitomo Mitsui Banking Corporation jointly announced today that they have entered into a purchase and assumption agreement to transfer the deposits and branch facility of NCAL's full service branch office in Glendale, California to Manufacturers Bank. Under the terms of the agreement, Manufacturers Bank will assume substantially all of the deposits and purchase certain assets associated with the Glendale Regional Office. The loans of the branch office are not included in the transaction. As of October 31, 2012 deposits at this branch totaled approximately $12.2 million.

According to Henry Homsher, President of NCAL, "It was a difficult decision to proceed with the sale of the deposits of the Glendale Regional Office, as we have enjoyed wonderful relationships with our customers in the region. The transaction will allow us to redirect our full focus to our core geography in the Los Angeles and Orange County areas. We are confident we have found an institution that mirrors our customer service philosophy and are excited to introduce our depositors to Manufacturers Bank."

Naresh Sheth, President and Chief Operating Officer of Manufacturers Bank, stated, "We are very pleased to announce our entry into the Glendale market, and we look forward to welcoming the employees and depositors of the Glendale Regional Office to the Manufacturers family. At Manufacturers Bank, our mission is to be 'the bank of choice' for middle market companies, a principle we take to heart and continue to deliver upon today. We are excited to serve the greater Glendale area, as we believe it is a natural complement to our other full service regional branches throughout California."

The transaction is expected to be completed in late Q4 2012 or early Q1 2013 subject to regulatory approval and other customary closing conditions.

D.A. Davidson & Co. served as financial advisor and King, Holmes, Paterno & Berliner, LLP served as legal advisor for NCAL Bancorp. Horgan, Rosen, Beckham & Coren, LLP served as legal advisor for Manufacturers Bank.



About National Bank of California

National Bank of California is a full-service commercial bank that began operations in 1982 and had over $356 million in assets as of September 30, 2012. The Bank offers customized services to small and mid-sized businesses as well as individuals through strategically located regional offices in Los Angeles, the San Fernando Valley, and Orange County.

About Manufacturers Bank

Manufacturers Bank is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation ("SMBC") and provides a full range of lending, deposit and cash management services to the California commercial middle-market business community through 10 regional bank centers. As of September 30, 2012 Manufacturers Bank had $2.1 billion in total assets, $1.3 billion in gross loans, $1.7 billion in total deposits and $281.5 million in shareholder's equity. For more information, visit Manufacturers Bank's Web site at www.manufacturers-ca.com and SMBC's Web site at www.smbc.co.jp/global

# # #

Forward Looking Statements: The numbers in this press release are unaudited. Statements such as those regarding the anticipated development of the banks' business, and the intent, belief or current expectations of the banks, their directors, or their officers, are "forward looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the banks' performance, including their ability to generate loan and deposit growth, changes in interest rates, and regulatory matters.






Manufacturers Bank Reports First Half 2012 Earnings

August 16, 2012

Manufacturers Bank (the Bank), a California commercial bank with total assets of $2.06 billion, is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which in turn is a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG). The Bank reported net income for the six months ended June 30, 2012 of $3.2 million compared to $2.2 million for the same period in 2011. Increased earning assets and improved net interest margin resulted in favorable year over year earnings performance.

The Bank maintained its strategic focus on loan growth in 2012. As of June 30, 2012, total loans were $1.28 billion, a $142.2 million or 12.5% increase over year end 2011 total loans of $1.14 billion. Commercial and Industrial loans totaled $738.6 million at June 30, 2012, an increase of $75.5 million over year end 2011, and represent 57.6% of the overall gross loan portfolio. Real Estate loans totaled $516.3 million at June 30, 2012, an increase of $70.0 million over year end 2011, and represent 40.3% of the overall loan portfolio.

Credit quality remained sound through the first half of 2012; therefore, no additional loan loss provision was required. Credit quality is reflected in the percentage of non-accrual loans to total loans at 1.22% as of June 30, 2012. The allowance for credit loss ratio remains satisfactory at 1.64% as of June 30, 2012.

Capital remained strong as evidenced by Tier 1 and Total risk-based capital ratios of 16.74% and 18.00%, respectively; both ratios exceed the minimum requirements of a well capitalized institution of 6% and 10%, respectively.

Message from Naresh Sheth, President & COO

Naresh Sheth, President and Chief Operating Officer, commented, "It is very gratifying to report the Banks continued success maintaining the exceptional loan growth momentum achieved in the first half of 2012. Despite the unrelenting, intense market competition, our experienced bankers continued to meet the challenge and increased total loans by 12.5% since year end 2011.

Our continued sound credit quality and strong financial strength could be accomplished only because of our experienced senior management team, a core of experienced bankers and our dedicated personnel. This has allowed our Bank to maintain strong banking relationships with existing as well as many new customers. We continue our dedication to supporting the traditional service values of a financially strong and stable business bank by providing a full array of excellent products and services in a timely, flexible and responsive manner.

We sincerely thank our customers for giving us an opportunity to serve them for over 50 years and our staff for their dedication and valued service."



Manufacturers Bank wants to give our sincere Thank You to our partners who generously contributed to our 50th Anniversary Celebration. Without them we could not have made this such a successful celebration. Shuster Financial Group, LLC, FIS Global, American Solutions for Business, SBS Payroll, Superior Printing, Iron Mountain, Fundtech, Loan Gallery, Danu Capital Group,TransFirst, Q2 ebanking, Expense Reduction
Visit us at www.manufacturers50.com/partners.php

Over the past fifty years Manufacturers Bank has played an integral part in developing and contributing to the Los Angeles Community. Please help us celebrate our 50th anniversary by giving back to our community by supporting these worthwhile causes with your donation.
Visit us at www.manufacturers50.com/giving-back.php

Manufacturers Bank is celebrating its 50th Jubilee Anniversary in 2012 and over this commendable period of time has been operating mainly in Southern California, consistently delivering tailored financial solutions that enhance the economic well being of its middle market customers. Bauer Financial Inc., an independent bank rating company, has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.

Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Little Tokyo, Beverly Hills, Encino, Warner Center, San Jose, City of Industry, Torrance, Newport Beach and Ontario.

All statements in this release, except for historical facts, should be considered forward looking, including statements about the Banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the Banks operations and continued evolution in the financial services industry.

For additional information please contact:

Anthony Fortunato
EVP, Marketing & P D, Manager
213-489-8735

Karen C Abajian
EVP, Chief Financial Officer
213-489-6478






Celebrating 50 Years of Service

Celebrating 50 Years of Service

Manufacturers Bank 1962-2012

 

June 28, 2012


Manufacturers Bank Celebrates 50th Year Anniversary

We helped build this city on personal touch and enduring values.


50 years ago Manufacturers Bank opened its door to customers, serving the growing population in the city of Los Angeles, California. The Bank brought promise of a new quality of service to banking in Los Angeles with a dedication to and specializing in personal banking service to the business and professional community. Manufacturers Bank was formed by a group of banking entrepreneurs in downtown Los Angeles to serve the robust apparel industry.


On Wednesday June 27th Manufacturers Bank Corporate Headquarters Office located at 515 S Figueroa Street, Los Angeles, California was presented with a special proclamation award for serving the community for 50 years. Rogelio Navar the Senior Director for the Mayor of the City of Los Angeles and Kathy Godfrey the Chief of Staff for the City of Los Angeles presented The Proclamation. Mayor of the City of Los Angeles Antonio R. Villaraigosa quoted "As Mayor of the City of Los Angeles and on behalf of its residents it is my pleasure to congratulate Manufacturers Bank on the occasion of your 50th Anniversary Celebration. Best wishes for a memorable event and successful future." City Councilwoman Jan Perry quoted, "Manufacturers Bank has been a committed partner in building the City of Los Angeles. For fifty years Manufacturers Bank has made our small and mid level business a major focus and that has formed the backbone of our local economy. The City of Los Angeles is made stronger because of their hard work and involvement in community interests. It is an honor to recognize the contributions Manufacturers Bank has made to the City of Los Angeles." The event was filled with numerous activities, including: the presentation of The Proclamation to Mitsugu Serizawa, Chairman and CEO and Naresh Sheth, President and COO; a cake cutting ceremony, serving a cake created by Kings Hawaiian, a longtime client of Manufacturers Bank; refreshments were served from 9:30 AM until 3:30 PM; recognition by Manufacturers Bank of sponsors and partners; and special acknowledgement was given to Homeless Health Care of Los Angeles and Drew Child Development who offer community outreach programs focused on "giving back to our community." The event proved to be one of "Los Angeless best city events" hosted by a local community bank.


Today, being the right-sized bank for middle market and corporate businesses is the foundation Manufacturers Bank is built on. Additionally, the bank is consistently one of the most financially sound banks in California and well capitalized. Over the years, the Banks scope has expanded to serve the specialized needs of California middle market businesses: manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.


Financial status of Manufacturers Bank:


As of May 31, 2012 Manufacturers Bank, a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation reported total assets of $2.01 billion.


Capital remained strong as evidenced by Tier 1 and total risk-based capital ratios of 18.33% and 19.60%, respectively, as of March 31, 2012; both ratios exceed the minimum requirements of a well-capitalized institution of 6% and 10%, respectively.



A message from our Chairman and CEO, Mitsugu Serizawa

"
We are proud and excited to celebrate 50 years of doing business in Los Angeles and we continue to look forward to being your bank of choice in this community. We especially want to thank our team of dedicated and hardworking employees and directors and of course our loyal clients and partners who have all contributed to our success over the years."


A message from our President and COO, Naresh Sheth

"Manufacturers Bank is celebrating our 50th Anniversary this year. We are very proud and excited to have achieved this remarkable milestone.

Our vision is to be the premiere regional business bank in the California marketplace. We are committed to provide a full array of superior products and services through our expert bankers. Additionally, we strive to be the "bank of choice" for the middle market and professional service companies by establishing long term relationships with our customers. We are unique in the market, large banks do not offer the entrepreneurial company the kind of focus, attention and expertise we are able to provide and smaller banks cannot keep pace with a growing companys increasing need for credit and cash management services.

At this time, we would like to "Thank" our customers for their business and loyalty and our staff for their dedication and valued service. Without these two common threads it would not have been possible to reach this milestone anniversary of 50 years. Furthermore we are very grateful to share our success with our clients and community.

We invite you to join us in celebrating our "50 years of service.""


Over the past fifty years Manufacturers Bank has played an integral part in developing and contributing to the Los Angeles Community. Please help us celebrate our 50th anniversary by giving back to our community by supporting these worthwhile causes with your donation to Homeless Healthcare and Drew Child Development.



Manufacturers Bank wants to give our sincere "Thank you" to our partners who generously contributed to our 50th Anniversary Celebration. Without them we could not have made this such a successful celebration!

American Printing        Loan Gallery       Shuster Financial Group, LLC    Q2 ebanking

Danu Capital Group     SBS Payroll        Frenkel &Co., Inc                     Superior Press

Fundtech                    TransFirst           Iron Mountain

Manufacturers Bank will be celebrating its 50th golden jubilee with numerous events throughout the year, notably with a special anniversary cake created by Kings Hawaiian at each of our locations on specific dates. Please see the list of events below and for more information please visit our Jubilee site www.manufacturers50.com/customer-celebrations.php

Jubilee customer celebrations at a convenient location.

Headquarters Office | Wednesday, June 27, 2012
515 South Figueroa Street Los Angeles, CA 90071

Newport Beach Office | Friday, June 29, 2012
1301 Dove Street, Ste. 100 Newport Beach, CA 90212



July and August

Torrance Office
| Monday, July 9, 2012
970 West 190th Street, Ste. 500 Torrance, CA 90502


Beverly Hills Office
| Friday, July 20, 2012
9777 Wilshire Boulevard Beverly Hills, CA 90212


City of Industry Office
| Friday, July 27, 2012
18645 E Gale Avenue Ste. 110 City of Industry, CA 91748


Ontario Office
| Friday, July 27, 2012
2855 East Guasti Road, Ste. 212 Ontario, CA 91761


Warner Center Office
| Friday, July 27, 2012
21550 Oxnard Street, Ste. 250 Woodland Hills, CA 91367


Little Tokyo Office
| Friday, August 10, 2012
200 South San Pedro Street Los Angeles, CA 90012


San Jose Office
| Friday, August 17, 2012
100 Century Center Court, Ste. 205 San Jose, CA 95112


Encino Office
| Friday, August 24, 2012
16255 Ventura Boulevard Encino, CA 91436



About Manufacturers Bank


Manufacturers Bank, established in 1962, has been operating mainly in southern California consistently delivering tailored financial solutions that enhance the economic wellbeing of its middle market customers. Bauer Financial Inc., an independent bank rating company has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.


Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Little Tokyo, Beverly Hills, Encino, Warner Center, San Jose, City of Industry, Torrance, Newport Beach, and Ontario. Member FDIC.


All statements in this release, except for historical fact, should be considered forward looking, including statements about the Banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the Banks operations and continued evolution in the financial services industry.


For additional information please contact:


Anthony Fortunato

EVP, Marketing & P D, Manager

213-489-8735


Karen C Abajian

EVP, Chief Financial Officer

213-489-6478






Manufacturers Bank Reports 2011 Earnings

Manufacturers Bank, a California commercial bank with total assets of $1.98 billion, and a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation, reported net income for 2011 of $3.7 million up from last years net income of $1.3 million.

 

Efficiently adjusting to the prolonged low interest rate environment and fiercely competitive lending climate, the Bank achieved net interest income of $42.3 million in 2011, an increase of $2.4 million over $39.9 million in 2010.  The net interest margin was maintained at 2.21% for 2011 from 2.20% in 2010.  As the Banks balance sheet remains asset sensitive, a favorable earnings trend should result as rates rise.

 

The Bank achieved a historical benchmark in 2011; loan growth exceeded all previous levels of annual production.  Total loans reached $1.14 billion at December 31, 2011, a $183.3 million or 19.2% increase over $956.6 million at December 31, 2010.  Within the $183.3 million increase, commercial loans increased $138.1 million or 33.6% from 2010 and commercial real estate loans increased $46.0 million or 12.1% from 2010.  Assets were effectively redeployed from lower yielding securities into loans.  Total securities decreased to $735.4 million at year end 2011 compared to $860.9 million at December 31, 2010.

 

Credit quality improved with the percentage of nonaccrual loans representing 1.86% of total loans as of December 31, 2011.  The allowance for credit loss ratio remains satisfactory at 2.10% as of December 31, 2011.

 

Total deposits were $1.48 billion, consistent with the previous year.  The Bank continued to experience a favorable deposit mix as demand deposits reached $463.6 million at December 31, 2011, an increase of $67.6 million over $396.0 million at December 31, 2010.

 

Capital remained strong as evidenced by Tier 1 and Total risk-based capital ratios of 18.52% and 19.79%, respectively, at December 31, 2011; both ratios exceed the minimum requirements of a well capitalized institution of 6% and 10%, respectively.



Message from Naresh Sheth, President & COO

 

Naresh Sheth, President and Chief Operating Officer, commented, "I am very pleased to report the Banks improved earnings performance in 2011.  The exceptional effort of our dedicated staff is more than evident in the historic loan generation achieved this year.  Along with the stronger earning assets, our Bank continues to enjoy strong capital and liquidity, sound asset quality and a solid customer base.

 

Manufacturers Bank remains focused on our mission of being a premier business bank by offering a full array of excellent products and services in a timely, flexible and responsive manner. We are financially positioned to aggressively expand our loan and deposit customer base.  We are dedicated to supporting the traditional service values of a financially strong and stable business bank, while integrating innovation into every aspect of our service delivery.

 

Our sound credit quality and strong financial strength could be accomplished only because of our experienced senior management team, a core of experienced bankers and our dedicated personnel.  By offering responsible lending solutions and sound business advice through a traditional relationship style, we get to know our customers and help them prosper and grow.  We are proud to be part of the solution to building a stronger California. 

 

We sincerely thank our customers for their business and loyalty and our staff for their dedication and valued service."



Manufacturers Bank is celebrating its 50th Jubilee Anniversary in 2012 and over this commendable period of time has been operating mainly in Southern California, consistently delivering tailored financial solutions that enhance the economic well being of its middle market customers. Bauer Financial Inc., an independent bank rating company, has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.

 

Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Little Tokyo, Beverly Hills, Encino, Warner Center, San Jose, City of Industry, Torrance, Newport Beach and Ontario.

 

Member FDIC and SBA Preferred National Lender

Equal Opportunity Lender

 

All statements in this release, except for historical facts, should be considered forward looking, including statements about the Banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the Banks operations and continued evolution in the financial services industry.

 

 

For additional information please contact: Anthony Fortunato, EVP, Marketing, 213-489-8735 or Karen Abajian, EVP, Chief Financial Officer, 213-489-6478.

 

Celebrating 50 years of Service






Manufacturers Bank Elects Naresh Sheth President & COO

For Immediate Release

Contact: Manufacturers Bank

Anthony S. Fortunato, SVP

(213) 489-8735

MANUFACTURERS BANK ELECTS

NARESH SHETH PRESIDENT & COO

LOS ANGELES, October 11, 2011 Manufacturers Bank announced it has elected Naresh Sheth to the office of President and Chief Operating Officer, effective October 1, 2011. Mr. Sheth who became a member of the Board of Directors on October 1, 2011 will direct the daily activities of the Bank and supervise the management of all Bank divisions.

Mr. Sheth, 56, has more than 30 years of banking experience. Since joining Manufacturers Bank in 1991, and after returning in 2005, he has held various commercial banking positions including Executive Vice President and Chief Credit Officer, and Senior Vice President, Asset Based Lending Manager.


Prior to joining Manufacturers Bank, Mr. Sheth worked nineteen years in a variety of commercial and private banking positions with Bank of America, Citigroup, and Western Financial Bank.

"Naresh is very intimate with every aspect of Manufacturers Bank and has a wide range of commercial banking experience," said Mitsugu Serizawa, Chairman and Chief Executive Officer of Manufacturers Bank. "His broad commercial credit, accounting, and management skills make him uniquely qualified to direct and coordinate the daily activities of the Management Committee and Bank toward our established long-term growth objectives."

Mr. Sheth holds Bachelor of Science degrees in Finance and Accounting from the University of Baroda, India and Concordia University, Montreal, Canada, respectively, and is a Registered Industrial Accountant (RIA) having satisfied the Academic and work related Program of the Society of Management Accountants, Quebec, Canada at McGill University (similar to a Certified Management Accountant (CMA) in the USA).


Los Angeles-based Manufacturers Bank with $1.92 billion in assets is a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC). The Bank provides a full range of lending, deposit and cash management services to the California commercial middle-market business community through 10 regional bank centers.

For more information, visit Manufacturers Banks Web site at www.manufacturers-ca.com and SMBCs Web site at www.smbc.co.jp/global.






Manufacturers Bank Reports First Half 2011 Earnings

August 4, 2011

Manufacturers Bank (the Bank), a California commercial bank with total assets of $1.92 billion, is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which in turn is a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG). The Bank reported net income for the six months ended June 30, 2011 of $2.2 million compared to $482 thousand for the same period in 2010. Increased earning assets, lower loan loss provisioning and successful cost containment efforts resulted in favorable year over year earnings performance.

The Banks major strategic initiative for 2011 is loan growth. As of June 30, 2011, total loans were $1.03 billion, a $78.0 million or 8.2% increase over year end 2010 total loans of $957.0 million. Commercial and Industrial loans totaled $569.3 million at June 30, 2011, an increase of $54.2 million over year end 2010, and represent 55.0% of the overall loan portfolio. Real Estate loans totaled $462.3 million at June 30, 2011, an increase of $25.1 million over year end 2010, and represent 44.7% of the overall loan portfolio.


Credit quality remained sound through the first half of 2011; therefore, no additional loan loss provision was necessary. Credit quality is reflected in the percentage of non-accrual loans to total loans at 2.92% as of June 30, 2011. The allowance for credit loss ratio remains satisfactory at 1.99% as of June 30, 2011.


Capital remained strong as evidenced by Tier 1 and Total risk-based capital ratios of 19.56% and 20.81%, respectively; both ratios exceed the minimum requirements of a "well capitalized" institution of 6% and 10%, respectively.

Message from John F. Chavez, President & COO

John F. Chavez, President and Chief Operating Officer, commented, "I am pleased to report the Banks significant strides in achieving the 2011 major strategic initiative of loan growth. Despite intense market competition, our experienced senior management team and dedicated personnel met the challenge and increased total loans by 8.2% since year end 2010. This growth has been primarily in commercial loans with a third coming from real estate. Based on current indicators, this positive momentum should carry forward into the second half of 2011.


The Banks 2011 year to date net income of $2.2 million, over four times greater than the same period of 2010, was also a significant achievement. The continued strong performance of the loan portfolio eliminated the need for any loan loss provisioning for the period. The constraining effect of the continued low interest rate environment on net interest income was positively offset by the Banks successful ongoing cost containment efforts.


Our continued sound credit quality and strong financial strength could be accomplished only because of our experienced senior management team, a core of experienced bankers and our dedicated personnel. This has allowed our Bank to maintain strong banking relationships with existing as well as many new customers. We continue our dedication to supporting the traditional service values of a financially strong and stable business bank by providing a full
array of excellent products and services in a timely, flexible and responsive manner.


We sincerely thank our customers for their business and loyalty and our staff for their dedication and valued service."



Manufacturers Bank has been operating mainly in Southern California for nearly a half century, consistently delivering tailored financial solutions that enhance the economic well being of its middle market customers. Bauer Financial Inc., an independent bank rating company, has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.

Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Little Tokyo, Beverly Hills, Encino, Warner Center, San Jose, City of Industry, Torrance, Newport Beach and Ontario.


All statements in this release, except for historical fact, should be considered forward looking, including statements about the banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the banks operations and continued evolution in the financial services industry.


Equal Opportunity Lender Member FDIC

Contacts

Manufacturers Bank

Anthony Fortunato, SVP, Marketing and PD

213-489-8735 or

Karen Abajian, EVP, Chief Financial Officer,

213-489-6478.






Manufacturers Bank Reports 2010 Earnings

April 1, 2011

Manufacturers Bank, a California commercial bank with total assets of $1.94 billion, and a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation, reported net income for 2010 of $1.29 million up from last years net income of $105,000.

Earnings continued to be impacted by net interest margin compression as short term rates remained low throughout the year. Although the yield on loans improved slightly to 4.24% compared to 4.10% in the prior year and the cost of funds improved considerably to 0.85% in 2010 from 1.20% in 2009, the overall net interest margin declined as the yield on investments decreased to 1.00% in 2010 compared to 1.94% in 2009. The resulting net interest margin for 2010 was 2.23% compared to 2.31% in 2009. As the balance sheet remains asset sensitive, a favorable earnings trend should result as rates rise.


During 2010, the loan portfolio was hampered by lower utilization of credit lines by existing customers and weak overall loan demand. As of December 31, 2010, total loans were $957.0 million, a decrease of 8.58% from the previous year. Commercial and Industrial loans, the banks core lending business, were $515.0 million at December 31, 2010 compared to $582.0 million at year end 2009, a decrease of $67.0 million.


Credit quality remained stable with the percentage of non accrual loans representing 3.40% of total loans as of December 31, 2010. The allowance for credit loss ratio remains satisfactory at 2.23% as of December 31, 2010.


Total deposits were $1.48 billion, an increase of 5.59% from the previous year. Demand and Money Market Deposits increased by $111.3 million, or 10.85% from the previous year. High rate CDs were reduced by 8.76% or by $33.0 million.


Capital remained strong as evidenced by Tier 1 and Total risk-based capital ratios of 18.76% and 20.01% at December 31, 2010, respectively; both ratios exceed the minimum requirements of a well capitalized institution of 6% and 10%, respectively.

Message from John F. Chavez, President & COO

John F. Chavez, President and Chief Operating Officer, commented, "I am pleased to report that in 2010 we continued to successfully navigate the sluggish economic environment characterized by weak loan demand and more active competition. Even after some unusual write offs, we ended the year with a year over year improvement in net income. Our bank continues to enjoy strong capital and liquidity, good asset quality, a solid customer base, and a stable and quality staff.


Manufacturers Bank remains focused on our clients by providing a full array of excellent products and services in a timely, flexible and responsive manner. We are financially positioned to aggressively expand our loan and deposit customer base. We are dedicated to supporting the traditional service values of a financially strong and stable business bank, while integrating innovation into every aspect of our service delivery.


Our sound credit quality and strong financial strength could be accomplished only because of our experienced senior management team, a core of experienced bankers and our dedicated personnel. This has allowed our bank to maintain strong banking relationships with existing, as well as many new customers that have chosen Manufacturers Bank as a stable place to bank. Customers can rest assured their money is safe with Manufacturers Bank, as evidenced by our sound regulatory standing.


We sincerely thank our customers for their business and loyalty and our staff for their dedication and valued service."



Manufacturers Bank has been operating mainly in Southern California for nearly a half century, consistently delivering tailored financial solutions that enhance the economic well being of its middle market customers. Bauer Financial Inc., an independent bank rating company, has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.


Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Little Tokyo, Beverly Hills, Encino, Warner Center, San Jose, City of Industry, Torrance, Newport Beach and Ontario.


All statements in this release, except for historical fact, should be considered forward looking, including statements about the banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the banks operations and continued evolution in the financial services industry.

Equal Opportunity Lender Member FDIC


Contacts

Manufacturers Bank

Anthony Fortunato, SVP, Marketing and PD

213-489-8735 or

Karen Abajian, EVP, Chief Financial Officer,

213-489-6478.






Manufacturers Bank announces the listing of Sumitomo Mitsui Financial Group on the New York Stock Exchange

November 1, 2010

Manufacturers Bank is proud to announce the listing on the New York Stock Exchange (NYSE) of our group parent Sumitomo Mitsui Financial Group with symbol SMFG

Message from John F. Chavez, President & COO


"Manufacturers Banks local roots are strengthened by the formidable global positioning, and financial strength, of SMFG with its nearly $1.4 trillion in total assets.

Locally, Manufacturers Bank has had the capital strength and liquidity to make new loans during this economic recovery while maintaining a quality loan portfolio. For nearly 50 years, we have provided and continue to provide loans to customers in a variety of industries for a variety of purposes.

Our traditional banking approach has been instrumental to our customers growth and has made Manufacturers Bank one of the strongest banks in California. This approach, in conjunction with SMFGS listing on the NYSE, can open the doors to the worlds markets."


Message from Mitsugu Serizawa, Chairman & CEO


"The strength of SMFG and their recent announcement of being listed on the New York Stock Exchange (NYSE) will open opportunities for our clients and our bank.

Manufacturers Bank is dedicated to helping our clients grow and prosper. We take pride that our Expert Bankers deliver the best fit service and products that reflect a thorough understanding of the clients needs.

We are unique in the financial market; small banks cannot keep pace with a growing companys need for credit and cash management services. Large banks cannot offer the entrepreneurial company the kind of expertise and attention we are able to provide."


Manufacturers Bank has been operating mainly in Southern California for nearly a half century, consistently delivering
tailored financial solutions that enhance the economic well being of its middle market customers. Bauer Financial Inc., an independent bank rating company, has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.

Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles,
Little Tokyo, Beverly Hills, Encino, Warner Center, San Jose, City of Industry, Torrance, Newport Beach, and Ontario.

All statements in this release, except for historical fact, should be considered forward looking, including statements
about the banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the banks operations and continued evolution in the financial services industry.






Manufacturers Bank Reports Second Quarter 2010 Earnings

August 5, 2010

Manufacturers Bank (the Bank), a California commercial bank with total assets of $1.88 billion, is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which in turn is a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG) with total consolidated assets of 123.2 trillion yen (approximately US$1.3 trillion) at March 31, 2010. The Bank reported pre-tax income of $1.5 million for the second quarter of 2010 compared to $420,000 for the second quarter of 2009. Net income for the second quarter of 2010 totaled $309,000 verses $128,000 for the second quarter of 2009. Pre-tax income for the six months ended June 30, 2010 totaled $2.7 million versus $3.8 million for the comparable period in 2009. For the six months ended June 30, 2010, net income was $482,000 compared to $1.8 million for the same period in 2009.

The lower year over year earnings comparison was driven by continued net interest margin compression and lower volumes in conjunction with a higher than anticipated effective California franchise tax rate. The Bank, a wholly owned subsidiary, must file as a member of the unitary tax group which includes worldwide income from the consolidated operations of SMFG. This statutory requirement can create a potentially non-correlative effective tax rate due to the magnitude of the global entity. For the first six months of 2010, the Bank accrued to an estimated effective state tax rate of 45.0% versus the statutory California franchise tax rate of 10.84%.

Historically the Bank has adopted a prudent management philosophy regarding interest rate risk and credit risk which successfully insulated the company during the recent economic downturn. This conscientious approach translates to an asset sensitive balance sheet. As short term market interest rates remained low through the first half of 2010, earnings continued to be impacted by the compression in the net interest margin. The Bank's 2010 year to date net interest margin was 2.30% versus 2.36% for the same period of 2009. Interest earning assets yielded 2.89% compared to 3.34% in the prior year. The cost of interest-bearing liabilities decreased to 0.88% from 1.35% in 2009.

As of June 30, 2010, total loans were $1.02 billion, a decrease of 5.1% or $54.3 million from the previous year. Total investment securities were $728.4 million, a decrease of $18.5 million compared to June 30, 2009. Total deposits at June 30, 2010, were $1.42 billion. Although a decrease of 3.2% or $47.1 million from the prior year, there was a favorable shift in the deposit mix from interest-bearing to non-interest bearing. Demand deposits increased 9.5% or $31.7 million year over year, while Savings and Time deposits decreased a combined 7.0% or $78.9 million from June 30, 2009.

Credit quality remained sound with the percentage of non accrual loans to total loans at 3.76% as of June 30, 2010. The allowance for credit loss ratio of 2.29% as of June 30, 2010 continues to show strength and was above the previous year ratio of 2.12%

Capital remained strong as evidenced by Tier 1 and Total risk-based capital ratios of 17.41% and 18.67%, respectively; both ratios exceed the minimum requirements of a well capitalized institution of 6% and 10%, respectively.

Message from John F. Chavez, President & COO
John F. Chavez, President and Chief Operating Officer, commented, "As our experienced senior management team navigates through this difficult economic environment, it is with pride that I can continue to report the soundness of Manufacturers Bank. Strong capital and liquidity, consistent asset quality and a solid customer base continue to be the Banks benchmarks. I believe that Manufacturers Bank, as a sound financial institution, can benefit and further develop its traditional business banking model through the newly enacted Financial Reform Law."

"The Bank is well positioned to capitalize on a rising interest rate environment due to the asset sensitive nature of the balance sheet. However, the sluggish recovery of the U.S. economy has precluded a rise in interest rates and created a challenging atmosphere in which to expand the balance sheet. The Banks core business of Commercial and Industrial lending has experienced a significant increase in market competition in conjunction with soft demand."

"Manufacturers Bank remains focused on providing excellent products and services to our existing customers, while actively seeking to expand our loan and deposit customer base. Customers can rest assured their money is safe because of our financial strength; additionally the Bank is currently participating in the FDIC's Transaction Account Guarantee Program now extended through December 31, 2010. Under this program, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules."

"We thank our customers for their business and loyalty and our staff for their dedication and valued service."



Manufacturers Bank has been operating mainly in Southern California for nearly a half century, consistently delivering tailored financial solutions that enhance the economic well being of its middle market customers. Bauer Financial Inc., an independent bank rating company, has awarded its highest depository rating, Superior 5 Star, to Manufacturers Bank.

Manufacturers Bank is headquartered in Los Angeles and operates from branch offices in Downtown Los Angeles, Little Tokyo, Beverly Hills, Encino, Warner Center, San Jose, City of Industry, Torrance, Newport Beach, and Ontario.

All statements in this release, except for historical fact, should be considered forward looking, including statements about the banks plans, goals, and future expectations for growth. Such statements are subject to changes in the economic, legal and regulatory environment, changes in product delivery and technology that may affect the banks operations and continued evolution in the financial services industry.

For additional information please contact: Anthony Fortunato, SVP, Marketing, 213 489 8735; or
Karen C. Abajian, EVP, Chief Financial Officer 213-489-6478



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