Special Report: Banking & Finance Quarterly — Q4 2020 Data

Interesting times lead to innovative ideas. Witness the inventive approaches of the businesses profiled on the following pages. One is a VC firm looking for new ways to lend a helping hand. The other is a financial company betting that small stuff will pay big. Plus, get an updated statistical snapshot of L.A.-area banks. 

Banking and Finance Quarterly Features

 VC Firm Backstage Capital Uses Crowdfunding to Help Underrepresented Startups 
 Sunbit Brings Buy Now, Pay Later Approach to Necessities 

Banking and Finance Quarterly Q4 2020 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 Q4 2020
1	BNY Mellon Trust Co.	8.9
2	International City Bank FSB	2.5
3	First Credit Bank	2.5
4	American Plus Bank	2.1
5	First Choice Bank	2.0
Ranked by return on assets for the quarter ended Dec. 31, 2020.

For the full Banking & Finance Quarterly special report and data, please see the March 22, 2021, print edition.

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