California First National Bancorp

Type: Public
On the web: http://www.calfirstbancorp.com
Employees: 154
Employee growth: (14.0%)

California First National Bancorp (CFNB) can't decide if it wants to be a leasing company or a bank. Traditionally, it's been mostly a leasing company. Its California First Leasing (CalFirst Leasing) subsidiary leases equipment for a wide variety of industries, with nearly 60% of leases for oil and gas production equipment, computers, and software. Other leases include retail point-of-sale systems, office furniture, and manufacturing, telecommunications, and medical equipment. The bank holding company also operates California First National Bank (CalFirst Bank), a branchless FDIC-insured retail bank that conducts business mainly over the Internet, but also by mail and phone. CEO Patrick Paddon owns 63% of CFNB.

Key numbers for fiscal year ending June, 2011:
Sales: $33.7M
One year growth: (3.5%)
Net income: $10.9M
Income growth: (2.0%)

Officers:
Chairman, President, and CEO: Patrick E. Paddon
VP, COO, Secretary, and Director: Glen T. Tsuma
CFO: S. Leslie Jewett

Competitors:
Bank of America
Citibank
IBM Global Financing

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