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OneWest Bank

Full company profile

uuid000ai19

Namestring
OneWest Bank
Legal namestring
OneWest Bank Group
Websiteurl
onewestbank.com
Company typeenum
Private
Founded yearint
2009
Descriptiontext

OneWest Bank was a Pasadena, California-based regional bank founded in 2009, providing personalized, relationship-based banking to retail consumers, small businesses, and commercial clients. Its product surface spanned personal and commercial deposits, lending, mortgage, and digital banking services, distributed through a regional branch network, digital channels, and direct commercial sales teams. The bank marketed to a regionally concentrated customer base via social media (Facebook, Twitter, LinkedIn, YouTube), owned website content, and email newsletters, positioning itself around high-touch client relationships rather than scale-driven national banking.

In 2020 OneWest Bank was acquired by First Citizens BancShares, integrating its branch franchise and customer relationships into First Citizens' broader personal, small-business, and commercial banking platform. Post-acquisition, references to "OneWest Bank Group" appear in financial disclosure filings (e.g., U.S. Office of Government Ethics forms citing investments by Trump cabinet nominees), suggesting a residual private investment or holding vehicle rather than standalone operating activity. No proprietary technology products, AI/ML capabilities, or pricing/contract structures are disclosed in the available data, and revenue figures for the entity are not published. Steven Mnuchin served as Chief Executive Officer during the bank's independent operating era.

Short descriptiontext

OneWest Bank was a Pasadena-based regional bank founded in 2009 that delivered personalized retail, small-business, and commercial banking through branches and digital channels; it was acquired by First Citizens BancShares in 2020.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersPasadena, United States
HQ citystring
Pasadena
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
retail banking services, personal banking, deposit products, consumer lending, relationship banking
Industry2 codes
1Branch & In-Person Banking (Teller/ATM Networks)
CodeFSABAAAEPrimaryYes
2Deposit Operations (Account Maintenance, Fees, Reconciliations)
CodeFSABALAEPrimaryNo
NAICS code2 codes
  • Commercial Banking52211
  • Depository Credit Intermediation5221
SIC code2 codes
  • State Commercial Banks6022
  • Functions Related To Depository Banking, Nec6099
Product category
Retail Banking
Social media profiles1 record
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

OneWest Bank delivers personalized, relationship-based regional banking services to its customers, including personal banking accounts, lending products, and deposit products. The bank operates physical branches and digital banking channels to serve its consumer and small business clientele in its regional footprint, and was acquired by First Citizens BancShares in 2020.

Differentiator
Functional benefit
Problem solved
Product and service3 records
1Personal Banking
CategoryPersonal Banking
Description

Personal banking services including checking, savings, and related deposit accounts delivered to individual consumers through branches and digital banking channels.

2Lending Products
CategoryConsumer Lending
Description

Consumer and small business lending products extended to bank customers as part of the regional banking relationship-based offering.

3Deposit Products
CategoryDeposit Products
Description

Deposit products such as checking, savings, money market, and certificates of deposit offered to consumer and small business customers.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeRegional player
Description

Regional bank holding company serving consumers and SMBs across the Western U.S. Comparable in size tier and relationship-driven commercial banking model, though with a different geographic mix.

TypeBroad incumbent
Description

Major national bank with deep branch presence in California. Competes directly with OneWest for consumer and SMB deposits, mortgages, and small-business lending, but operates at much larger scale.

TypeBroad incumbent
Description

National full-service bank offering consumer, small business, and commercial banking across the U.S. Overlaps OneWest's deposit and lending categories but at vastly greater scale and geographic reach.

TypeRegional player
Description

Mid-size regional commercial bank with strong middle-market and treasury management capabilities. Comparable in relationship-based commercial banking orientation, though primarily concentrated in Texas, Michigan, and California rather than OneWest's broader Southern California base.

TypeDirect peer
Description

Los Angeles-based commercial bank holding company focused on commercial real estate, SMB lending, and retail banking in California and select U.S. markets. Comparable to OneWest as a California-rooted, relationship-driven regional bank serving similar customer segments.

TypeBroad incumbent
Description

Parent company that acquired OneWest Bank in 2020. Operates a national franchise spanning personal, small business, and commercial banking with a much larger branch and product footprint than OneWest's standalone regional presence.

TypeDirect peer
Description

California-based regional bank providing business and consumer banking products including deposit, lending, and treasury services. Comparable in regional California orientation and SMB/commercial banking mix.

TypeDirect peer
Description

Pasadena-headquartered commercial bank serving consumers and businesses primarily in California and other U.S. Asian-American communities. Closely comparable to OneWest in regional California footprint, relationship-based SMB and consumer banking, and mid-size regional bank scale.

TypeBroad incumbent
Description

National and global consumer/commercial bank with strong California retail and commercial presence. Comparable product categories, particularly in commercial banking and treasury services, though at much larger scale.

TypeBroad incumbent
Description

Largest U.S. retail bank with nationwide branch and digital presence. Comparable offering set across personal banking, mortgages, and commercial services, but with national scale and product breadth OneWest cannot match.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment4 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

OneWest Bank

Retail Bankingonewestbank.com

OneWest Bank was a Pasadena-based regional bank founded in 2009 that delivered personalized retail, small-business, and commercial banking through branches and digital channels; it was acquired by First Citizens BancShares in 2020.

What OneWest Bank does

OneWest Bank was a Pasadena, California-based regional bank founded in 2009, providing personalized, relationship-based banking to retail consumers, small businesses, and commercial clients. Its product surface spanned personal and commercial deposits, lending, mortgage, and digital banking services, distributed through a regional branch network, digital channels, and direct commercial sales teams. The bank marketed to a regionally concentrated customer base via social media (Facebook, Twitter, LinkedIn, YouTube), owned website content, and email newsletters, positioning itself around high-touch client relationships rather than scale-driven national banking.

In 2020 OneWest Bank was acquired by First Citizens BancShares, integrating its branch franchise and customer relationships into First Citizens' broader personal, small-business, and commercial banking platform. Post-acquisition, references to "OneWest Bank Group" appear in financial disclosure filings (e.g., U.S. Office of Government Ethics forms citing investments by Trump cabinet nominees), suggesting a residual private investment or holding vehicle rather than standalone operating activity. No proprietary technology products, AI/ML capabilities, or pricing/contract structures are disclosed in the available data, and revenue figures for the entity are not published. Steven Mnuchin served as Chief Executive Officer during the bank's independent operating era.

OneWest Bank firmographics

Firmographics
Name
OneWest Bank
Legal name
OneWest Bank Group
Website
https://onewestbank.com
Company type
Private
Founded year
2009
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
OneWest Bank was a Pasadena-based regional bank founded in 2009 that delivered personalized retail, small-business, and commercial banking through branches and digital channels; it was acquired by First Citizens BancShares in 2020.
Ownership category
akta.pro rank

OneWest Bank industry classification

Industry
Product category
Retail Banking
NAICS
Commercial Banking (52211), Depository Credit Intermediation (5221)
SIC
State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099)
akta.pro primary industry
Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
akta.pro secondary industry
Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE)

Keywords

  • Retail banking services
  • Personal banking
  • Deposit products
  • Consumer lending
  • Relationship banking

Where OneWest Bank is headquartered

Location

Headquarters

HQ city
Pasadena
HQ country
United States
HQ region
North America

Markets served

OneWest Bank business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Distribution channels3 records

Marketing channels3 records

OneWest Bank product offering

Product offering

Core offering

OneWest Bank delivers personalized, relationship-based regional banking services to its customers, including personal banking accounts, lending products, and deposit products. The bank operates physical branches and digital banking channels to serve its consumer and small business clientele in its regional footprint, and was acquired by First Citizens BancShares in 2020.

Differentiator

Problem solved

Functional benefit

Products and services

  • Personal Banking Personal banking services including checking, savings, and related deposit accounts delivered to individual consumers through branches and digital banking channels.
  • Lending Products Consumer and small business lending products extended to bank customers as part of the regional banking relationship-based offering.
  • Deposit Products Deposit products such as checking, savings, money market, and certificates of deposit offered to consumer and small business customers.

Companies that use OneWest Bank

Customer profile

Ideal customer profiles1 record

OneWest Bank technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

OneWest Bank partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

OneWest Bank competitors and assessment

Company assessment

Regional players

  • Zions Bancorporation: Regional bank holding company serving consumers and SMBs across the Western U.S. Comparable in size tier and relationship-driven commercial banking model, though with a different geographic mix.
  • Comerica: Mid-size regional commercial bank with strong middle-market and treasury management capabilities. Comparable in relationship-based commercial banking orientation, though primarily concentrated in Texas, Michigan, and California rather than OneWest's broader Southern California base.

Broad incumbents

  • Wells Fargo: Major national bank with deep branch presence in California. Competes directly with OneWest for consumer and SMB deposits, mortgages, and small-business lending, but operates at much larger scale.
  • Bank of America: National full-service bank offering consumer, small business, and commercial banking across the U.S. Overlaps OneWest's deposit and lending categories but at vastly greater scale and geographic reach.
  • First Citizens BancShares: Parent company that acquired OneWest Bank in 2020. Operates a national franchise spanning personal, small business, and commercial banking with a much larger branch and product footprint than OneWest's standalone regional presence.
  • Citibank: National and global consumer/commercial bank with strong California retail and commercial presence. Comparable product categories, particularly in commercial banking and treasury services, though at much larger scale.
  • JPMorgan Chase: Largest U.S. retail bank with nationwide branch and digital presence. Comparable offering set across personal banking, mortgages, and commercial services, but with national scale and product breadth OneWest cannot match.

Direct peers

  • Cathay General Bancorp: Los Angeles-based commercial bank holding company focused on commercial real estate, SMB lending, and retail banking in California and select U.S. markets. Comparable to OneWest as a California-rooted, relationship-driven regional bank serving similar customer segments.
  • Pacific Premier Bancorp: California-based regional bank providing business and consumer banking products including deposit, lending, and treasury services. Comparable in regional California orientation and SMB/commercial banking mix.
  • East West Bank: Pasadena-headquartered commercial bank serving consumers and businesses primarily in California and other U.S. Asian-American communities. Closely comparable to OneWest in regional California footprint, relationship-based SMB and consumer banking, and mid-size regional bank scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

OneWest Bank social profiles

Digital presence

OneWest Bank financial estimates

Financial estimate

Revenue estimate

Valuation estimate

OneWest Bank leadership team

Management profile

Number of profiles

OneWest Bank funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

OneWest Bank M&A and investment

M&A and investment

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OneWest Bank

What does OneWest Bank do?

OneWest Bank delivers personalized, relationship-based regional banking services to its customers, including personal banking accounts, lending products, and deposit products. The bank operates physical branches and digital banking channels to serve its consumer and small business clientele in its regional footprint, and was acquired by First Citizens BancShares in 2020.

Is OneWest Bank a public or private company?

OneWest Bank is a private company. It is classified as corporate owned and is currently operating.

When was OneWest Bank founded?

OneWest Bank was founded in 2009. It employs 1,001 to 5,000 people.

Where is OneWest Bank based?

OneWest Bank is headquartered in Pasadena, United States, in the North America region.

Who are OneWest Bank's main competitors?

Regional players on record are Zions Bancorporation and Comerica. Broad incumbents are Wells Fargo, Bank of America, First Citizens BancShares, Citibank and JPMorgan Chase. Direct peers are Cathay General Bancorp, Pacific Premier Bancorp and East West Bank.

Does OneWest Bank have an API?

No public API is recorded for OneWest Bank.

What industry is OneWest Bank in?

OneWest Bank's product category is Retail Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks), with a secondary code of FSABALAE, Deposit Operations (Account Maintenance, Fees, Reconciliations). Its NAICS code is 52211 and its SIC code is 6022.

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Institutional InvestorHow to Invest Like a Trump Cabinet PickFinancial disclosure forms published by the United States Office of Government Ethics reveal the investment portfolios of President Trump's cabinet nominees, who collectively have a net worth of $13 billion, making it the wealthiest cabinet in U.S. history. The disclosures show nominees have invested in various alternative-investment firms including Paulson & Co., Omega Advisors, Och-Ziff Asset Management, and OneWest Bank Group, with some also holding stakes in companies like Tesla Motors and Energy Transfer Partners. Several nominees, including Commerce Secretary pick Wilbur Ross and Secretary of State pick Rex Tillerson, have significant fossil fuel holdings, while Defense pick James Mattis held stock in troubled biotech company Theranos.GlobeNewswireFirst Citizens Bank Completes Operational Conversion of OneWest Bank DivisionFirst Citizens Bank completed the operational conversion of its OneWest Bank division in Southern California, integrating customer accounts into First Citizens' systems. The conversion included 41 branches, and customers now have access to First Citizens' products and services. The move deepens First Citizens' presence in Southern California.PR NewswireOneWest Bank to Plant 50,000 Trees Through 'Green Checking' CampaignOneWest Bank, CIT's Southern California retail bank division, announced it will plant 50,000 trees in the Sierra Nevada mountains as a result of its Green Checking campaign, partnering with reforestation nonprofit One Tree Planted. The campaign planted 30 trees on behalf of each customer who opened a qualifying checking account during the campaign period, with the initiative reinforcing the bank's commitment to environmental stewardship in communities affected by California wildfires. This collaboration continues a four-year partnership between CIT and One Tree Planted that has already resulted in approximately 170,000 trees being planted.PR NewswireOneWest Bank Opens New Branch in Watts Neighborhood of Los AngelesOneWest Bank, a division of CIT Bank, opened a new full-service branch in the Watts neighborhood of Los Angeles on February 23, 2021, offering deposit, lending, and mortgage services for consumers and small businesses. The branch opening follows CIT's recent $47 million investment in the Jordan Downs Apartment Project, a 92-unit multifamily complex supporting low-to-moderate income families in the same neighborhood. Wens Sanchez has been appointed as branch manager with responsibility for building community relationships and delivering banking solutions to underserved families in Greater Los Angeles.PR NewswireOneWest Bank lanza un programa para devolver a los escolares de las áreas localesOneWest Bank, the retail banking division of CIT for Southern California, launched its second annual 'Bank on Building a Brighter Community' program in partnership with Boys & Girls Clubs of Pasadena, Los Angeles Metro Area, Santa Monica, and Moorpark & Simi Valley. The bank will donate three hours of virtual learning assistance for each qualifying checking account opened between August 24 and October 15, 2020, while also offering customers a reward of up to $300. The program, part of OneWest's ongoing community investment efforts since 2010, includes employee-led panel discussions on careers, education, and personal finance.PR NewswireOneWest Bank launches program to give back to local area school childrenOneWest Bank, CIT's Southern California retail banking division, launched its second annual Bank on Building a Brighter Community program in partnership with local Boys & Girls Clubs, offering three hours of virtual learning assistance for every qualified checking account opened between August 24 and October 15. The program includes online tutoring, virtual extracurricular support, and interactive panel discussions featuring bank employees at each Boys & Girls Club location. OneWest Bank has partnered with the Boys & Girls Clubs since 2010 and is offering customers up to $300 in checking rewards for qualifying accounts.PR NewswireOneWest Bank presenta actividades de educación financiera para celebrar el Teach Children to Save DayOneWest Bank, the retail banking division of CIT for Southern California, announced its support for Teach Children to Save Day by introducing financial education activities and materials for families during school closures due to COVID-19.PR NewswireOneWest Bank Introduces Financial Education Activities to Celebrate Teach Children to Save DayOneWest Bank, a division of CIT Bank, announced financial education activities to celebrate Teach Children to Save Day on April 20, 2020, introducing tip sheets and interactive activities to help parents teach children about saving during school closures. The bank also launched a Kids' Savings Bonus Offer providing a $25 bonus on new Personal Savings Accounts opened for children, alongside access to free online financial education modules. The initiative aims to support Southern California families by building financial confidence through engaging, age-appropriate learning tools.PR NewswireOneWest Bank Introduces Financial Education Activities to Celebrate Teach Children to Save DayOneWest Bank, a division of CIT Bank, N.A., announced its support of Teach Children to Save Day on April 20, 2020, by introducing financial education tip sheets and activities for families with children learning remotely during school closures. The activities include making play money, budgeting strategies, and access to Personal Finance Empowered, a free online tool with over 30 learning modules available in English and Spanish. The bank is also offering a $25 bonus on new Personal Savings Accounts opened for children through its Kids' Savings Bonus Offer.PR NewswireOneWest Bank Wins Three Stevie® Awards for Sales & Customer ServiceOneWest Bank, CIT's Southern California retail bank division, announced it won three Stevie Awards for customer service and ethical business practices, including a Gold Award for Ethics in Sales, Silver for Customer Service Success, and Bronze for Innovation in Customer Service. The bank was recognized for its customer engagement strategies including the One Million Meals campaign, Turn Paper into Trees initiative, and Personal Finance Empowered digital education platform. The Stevie Awards are among the world's top honors for customer service and sales professionals, with over 2,600 nominations from 48 nations evaluated this year.