Interesting times lead to innovative ideas. Witness the inventive approaches of the businesses profiled on the following pages. One is a VC firm looking for new ways to lend a helping hand. The other is a financial company betting that small stuff will pay big. Plus, get an updated statistical snapshot of L.A.-area banks. 


Banking and Finance Quarterly Features

 VC Firm Backstage Capital Uses Crowdfunding to Help Underrepresented Startups 
 Sunbit Brings Buy Now, Pay Later Approach to Necessities 

Banking and Finance Quarterly Q4 2020 Data

Top 5 Financial Institutions Ranked by L.A. County Market Share

RankInstitution% Market Share
1Bank of America
16.38
2JPMorgan Chase & Co.
13.75
3Wells Fargo & Co.
12.92
4MUFG Union Bank
8.5
5CIT Bank
8.28
Ranked by share of deposits in L.A. County. Information as of June 30, 2020 (released annually in October.)

Top 5 Most Profitable L.A.-Based Banks

RankInstitution% Returns on Assets Q4 2020
1BNY Mellon Trust Co.
8.9
2International City Bank FSB
2.5
3First Credit Bank
2.5
4American Plus Bank
2.1
5First Choice Bank
2.0
Ranked by return on assets for the quarter ended Dec. 31, 2020.

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L.A. County banks overview data, Q4 2019 vs. Q4 2020.


For the full Banking & Finance Quarterly special report and data, please see the March 22, 2021, print edition.

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