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Manufacturers Bank was formed in downtown Los Angeles by a group of banking entrepreneurs in June, 1962, to serve the apparel industry. Today, Manufacturers Bank serves the specialized needs of California middle-market businesses manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.
Manufacturers Bank opens its doors on Ninth Street in Los Angeles, California
The Mitsui Bank of California, a wholly owned subsidiary of The Mitsui Bank, Ltd., Tokyo, Japan, opens its first office in the World Trade Center in downtown Los Angeles
Mitsui Bank of California merges with Manufacturers Bank, creating Mitsui Manufacturers Bank
The Mitsui Bank, Ltd takes the name The Sakura Bank, Ltd and drops Mitsui to become Manufacturers Bank again
The Sakura Bank, Ltd merges with Sumitomo Bank, Ltd and begins operations as Sumitomo Mitsui Banking Corporation. The merger creates one of the largest networks of financial services in the world.
The Bank celebrates its 50th Anniversary! The Headquarters Office was presented with a special proclamation award for serving the community. The event acknowledged organizations who offer community outreach programs focused on "giving back to our community"
The Bank welcomes a new branch in Glendale, complete with an Open House and Ribbon Cutting ceremony
The Bank celebrates the grand opening of a new financial center in Brea, California. The location contains a full-service branch to serve the existing customers while cultivating the Bank's brand in this vibrant region
Having received all regulatory approvals, Manufacturers Bank became a wholly-owned subsidiary of a newly-formed bank holding company, SMBC Americas Holdings, Inc. (SMBCAH).
Prior to the restructuring, Manufacturers Bank was a wholly-owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), which is the 100% owner of SMBCAH. Click here for additional details. The new ownership structure will have no effect on Manufacturers Bank's customers and business partners.
The Bank will continue to engage in the same business in which it presently is engaged and will continue its operations out of its current locations.
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