No stored Google rating available.
Open Bank is a multi-location bank offering online and mobile banking, cash management, SBA loans up to $5M, home loans, and fund transfer services through Zelle.
Data compiled from public sources
Open Bank operates as a full-service bank with headquarters in Los Angeles, California and multiple branch locations across California, Texas, Washington, Virginia, Georgia, and Colorado. The institution provides comprehensive banking services including online and mobile banking platforms, e-statements, and remote deposit capture (RDC) functionality for retail customers. Beyond consumer banking, Open Bank specializes in business lending, offering SBA 7(a) loans up to the maximum amount of $5 million and business lines of credit.
They also provide home loan products positioned as fast financial solutions tailored to individual borrower needs. The bank maintains a significant lending infrastructure with Loan Production Offices (LPOs) in multiple states and a dedicated Home Loan Center. Open Bank emphasizes security and convenience, featuring integration with Zelle for peer-to-peer payments, account-to-account transfers, and external account linking.
The organization also references community investment and diversity initiatives through the Open Stewardship Foundation. Their service hours are consistent across locations (9am-5pm in respective time zones, Monday-Friday, excluding federal holidays), and they maintain dedicated phone lines for customer service at each location.
This is state-level context for Banks consumers in Los Angeles, CA. It does not confirm that Open Bank or this specific location is licensed.
State regulator
California Department of Financial Protection and Innovation (DFPI)
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Open Bank processed 15 mortgage applications in 2023, with 100% recorded as approved across 1 states.
15
Applications
100%
Approval Rate
$1.2M
Avg Loan
1
States Served
Based on 15 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Open Bank offers 12 services including Online banking platform, Mobile banking application, Remote Deposit Capture (RDC), e-Statements (paperless), Zelle peer-to-peer money transfer, and 7 more.
Open Bank has profile signals associated with Small to mid-sized business owners seeking SBA loans up to $5 million, Home buyers in California, Texas, Washington, Virginia, Georgia, or Colorado seeking expedited mortgage solutions, Consumers preferring in-person banking combined with modern digital services, Businesses needing cash management and fund transfer services.
Key strengths: Nationwide presence with 10+ physical branch locations plus LPOs across six states; Offers listed SBA 7(a) loans up to $5 million for small business owners; Integrated Zelle functionality for fast, safe peer-to-peer money transfers. Areas to consider: Limited service hours (9am-5pm weekdays only, excluding holidays) with no 24/7 availability mentioned; No mention of 24/7 customer support or after-hours emergency contact procedures beyond closing browser.
In the Banks category, comparable providers include Commercial Bank of California (Formerly Community Bank of the Bay), East West Bank, LendingClub. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Open Bank is best suited for small to mid-sized business owners seeking SBA loans and homebuyers in their service areas who prefer a bank combining physical locations with digital banking convenience. The main caveat is the lack of specific rate, fee, and product term information on the website, requiring direct contact with branches for detailed pricing and eligibility requirements.
Commercial Bank of California (formerly Community Bank of the Bay) is a regional bank offering checking, savings, and business banking services to California consumers and small businesses.
Google rating from 7 reviews
Profile signals: California-based consumers seeking regional banking relationships with local decision-making, Small business owners preferring community bank service models over national chains
FDIC-insured bank offering personal and commercial banking, home loans, wealth management, and international trade solutions with multilingual support.
Google rating from 21 reviews
Profile signals: Bilingual/multilingual customers seeking banking services in their preferred language, Small business owners and entrepreneurs needing SBA loans and commercial banking services
LendingClub is a digital marketplace bank offering personal loans up to $60,000, auto refinancing, and award-winning checking/savings accounts with no physical branches.
Google rating from 4,720 reviews
Profile signals: Borrowers with good-to-excellent credit seeking competitive personal loan rates, Credit card debt consolidators looking for fixed-rate alternatives
Answer 3 quick questions to review category, service, and profile context.
1. What's your primary financial goal?
A plain-English breakdown of every credit score range — what each number actually means for your loans, cards, and daily life, plus exactly what to do about yours.
Read guide →A plain-English breakdown of what credit products, loans, and cards you can realistically get at every credit score level — from deep subprime to excellent.
Read guide →Learn exactly how to check your credit score for free using legitimate sources, understand the difference between soft and hard inquiries, and know your rights under federal law.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Open Bank and other services. These commissions help us maintain our free research. Compensation does not determine whether a provider can be covered; visible star ratings use stored Google review ratings when available. Learn more.