Manhattan Bancorp operates as the bank holding company for Bank of Manhattan, N.A. that provides general commercial banking services to small and medium-sized businesses and professionals in California. The company offers a range of deposit products, including non-interest bearing demand deposit and interest bearing checking accounts, regular savings accounts, and certificates of deposit; and various commercial real estate and consumer loans. It also provides cash management services to its commercial checking account customers; and wire transfer, electronic bill payment, and overdraft protection services. In addition, it offers Internet banking services, which allow customers to review their account information, issue stop payment orders, pay bills, transfer funds, order checks, and inquire regarding credit products electronically. The company provides its services in South Bay, the Westside, and the Los Angeles airport areas of Los Angeles County, California. Manhattan Bancorp was founded in 2006 and is headquartered in El Segundo, California.
In December Manhattan Bancorp announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company received $1.7 million in exchange for preferred stock.
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Bailout Bank Bio: Manhattan Bancorp (Bank of Manhattan)
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Federal Equity Investment |
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Total Revenue |
$3.1 million (2008) |
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Net Income |
-$4.4 million (2008) |
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Number of Employees |
24 |
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Corporate Headquarters |
El Segundo, California |
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Business Sector |
Bank |
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Officers and Directors |
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Corporate Website |
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Executive Compensation |
2008-12-05 Manhattan Bancorp 8K
2008-09-30 Manhattan Bancorp 10Q
No federal contracts located.
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Last Updated May 28, 2009
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