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

RankInstitution% Market Share
1Bank of America
2JPMorgan Chase & Co.
3Wells Fargo & Co.
4MUFG Union Bank
5CIT Bank
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

RankInstitution% Returns on Assets Q1 2021
1BNY Mellon Trust Co.
2International City Bank FSB
3First Credit Bank
4Bank of Whittier
5CIT Bank
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.

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