Fremont General Corp. said Monday that it has moved its headquarters from Santa Monica to Brea.
The former home lender, now being headed by chief executive Stephen Gordon, has been struggling with bad loans.
Last year the company lost $200 million from its faulty subprime business.
With almost $9 billion in assets, the company has since ceased its home lending, though it continues to gather deposits through its 22 retail branches throughout Southern California.
Fremont counts about 3,500 employees, with about 850 in the county. It’s not known how many employees will shift in the headquarters move.
Tasked with turning the company around, Gordon has not announced any definitive plans for the company.
A renaming of the company and a shift in business strategy would most likely take place, Gordon said in November.
Gordon used to run Irvine’s Commercial Capital Bancorp, which was sold to Washington Mutual Inc. for nearly $1 billion in 2006.
In November Fremont hired Gordon as chairman and CEO, along with former Commercial Capital executive David DePillo, who serves as vice chairman and president.
Fremont is a public company with a market value of $275 million.
