Manufacturers Bank Reports 2019 Year-End Earnings
LOS ANGELES--(BUSINESS WIRE)--Manufacturers Bank (the Bank) is a California commercial bank with total assets of $4.39 billion. On January 1, 2019, Sumitomo Mitsui Banking Corporation (SMBC) established a wholly-owned bank holding company in the United States, SMBC Americas Holdings, Inc. (SMBCAH). As a result of this restructuring, Manufacturers Bank is now a wholly-owned subsidiary of SMBCAH. The Bank reported record net income for the year ended December 31, 2019, of $30.1 million compared t
Manufacturers Bank Reports 2019 Year-End Earnings
LOS ANGELES--(BUSINESS WIRE)--Manufacturers Bank (the Bank) is a California commercial bank with total assets of $4.39 billion. On January 1, 2019, Sumitomo Mitsui Banking Corporation (SMBC) established a wholly-owned bank holding company in the United States, SMBC Americas Holdings, Inc. (SMBCAH). As a result of this restructuring, Manufacturers Bank is now a wholly-owned subsidiary of SMBCAH. The Bank reported record net income for the year ended December 31, 2019, of $30.1 million compared t