Independent Bank

Type: Private
On the web: http://www.cbank.com
Employees: 348
Employee growth: 9.8%

Community Bank has more than a dozen branches in Southern California. Focusing on small and middle-market businesses, the bank mainly offers commercial real estate loans (approximately two-thirds of its loan portfolio), as well as business loans, letters of credit, equipment loans, foreign receivables financing, and funding for employee stock option plans. To a lesser extent, it issues residential mortgages, home equity loans, and personal loans for cars, RVs, and boats. The bank's deposit products include checking and savings accounts, money market accounts, CDs, and IRAs. Brothers Charlie and Howard Cook founded Community Bank as Huntington Park Bank in 1945; it changed its name in 1950.

Key numbers for fiscal year ending December, 2008:
Sales: $133.1M
One year growth: 4.3%
Net income: $16.8M
Income growth: (7.0%)

Officers:
Chairman: Alan P. Johnson
President and CEO: David P. Malone
COO: Suzanne A. Dondanville

Competitors:
Bank of America
Citibank
Wells Fargo

Locally owned and operated commercial bank. It derives its sources of funds from, and it lends money to, the community where it operates, and is not affiliated with a multibank holding company. Also called community bank.