Orange County Business Journal

California United Bank Opens Irvine Office

Jane Yu Monday, August 26, 2013

California United Bank has opened an office in Irvine, combining an existing loan production office and a branch location.

Encino-based California United acquired Anaheim-based Premier Commercial Bancorp last year for $42.3 million. It created CU Bancorp at the time of the deal to serve as a holding company for California United and Premier Commercial.

CU Bancorp trades over the Nasdaq Capital Market and has a market value of $184.3 million.

California United had $1.28 billion in assets at the end of June, with net loans of about $875.6 million.

Senior Vice President David Caples will oversee the new office at the Atrium business center, along with Senior Vice President Danni Remington, who also is a vice chairman at the Irvine Chamber of Commerce.