After riding out the worst of the pandemic, banks are poised to make big strides in the second half of 2021. Merger and acquisition activity in the sector figures to accelerate as institutions with untapped emergency reserves look to make up for lost time. The Business Journal takes stock of where the industry is headed and gets an insider’s view of a recently completed banking deal.

Banking and Finance Quarterly Features

Breathing Easier: LA Banks Are Reenergized After Hunkering Down During Pandemic 
The View From the Inside: First Choice CEO Franko Reveals Inner Workings of Enterprise Financial Sale

Banking and Finance Quarterly Q1 2021 Data

Top 5 Financial Institutions Ranked by L.A. County Market Share
Rank	Institution	% Market Share
1	Bank of America	16.38
2	JPMorgan Chase & Co.	13.75
3	Wells Fargo & Co.	12.92
4	MUFG Union Bank	8.5
5	CIT Bank	8.28
Ranked by share of deposits in L.A. County. Information as of June 30, 2020 (released annually in October.)

Top 5 Most Profitable L.A.-Based Banks
Rank	Institution	% Returns on Assets Q1 2021
1	BNY Mellon Trust Co.	13.0
2	International City Bank FSB	5.8
3	First Credit Bank	4.6
4	Bank of Whittier	3.0
5	CIT Bank	2.1
Ranked by return on assets for the quarter ended Mar. 31, 2021.

 

 

 

 
For the full Banking & Finance Quarterly special report and data, please see the June 21, 2021, print edition.