Mega Bank
Mega Bank is a privately held, FDIC-insured Chinese American community bank headquartered in San Gabriel, California, operating four branches across Southern California (San Gabriel, Arcadia, Hacienda Heights, Irvine) and serving individuals, seniors, and small-to-medium-sized businesses with retail deposits, CRE, construction, SBA, and C&I lending plus digital banking services.
- Company typePrivate
- Founded2008
- HeadquartersSan Gabriel, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Mega Bank does
Mega Bank is a privately held, FDIC-insured Chinese American community bank founded in February 2008 and headquartered at 245 West Valley Boulevard in San Gabriel, California. The bank operates four physical branches across Southern California — San Gabriel (headquarters), Arcadia, Hacienda Heights, and Irvine — serving the Chinese American community and small-to-medium-sized businesses in the San Gabriel Valley with a full suite of retail and commercial banking products. Its deposit franchise spans personal and business checking, savings, money market, CDs, and IRAs; its loan portfolio is anchored by commercial real estate, construction, commercial & industrial, and SBA 7(a) / 504 loans, the last enabled by SBA Preferred Lender status.
The bank's technology layer is a conventional community-bank stack: web-based online banking, iOS and Android personal and business mobile apps, mobile check deposit, eStatements, bill pay, ACH origination, remote deposit capture, online wire transfer, and Zelle for P2P payments. Security features include 128-bit SSL encryption, firewall protection, multi-factor authentication, timed log-off, and compliance with the Bank Secrecy Act, CCPA, and Gramm-Leach-Bliley. Branch ATM service is scheduled to sunset on December 31, 2026, with customer access migrating to the MoneyPass network of over 40,000 surcharge-free ATMs nationwide; credit card products are issued through a partnership with TCM Bank, N.A.
The revenue model is a standard community bank model: net interest income (the spread between loan yields and deposit costs) is the primary engine, supplemented by transaction and service fees (wires, stop payments, overdraft, safe deposit boxes, cash management services), credit card interchange and servicing fees via TCM Bank, and cash management fees (ACH origination, remote deposit capture, courier / armored car service). Pricing across deposit products is competitive but tiered by balance, with most basic personal and business checking accounts waiving monthly service charges subject to minimum balance requirements. The customer segments are individual consumers (including a 55+ senior segment served by the Golden Checking product) and small-to-medium-sized businesses, with a sales-led GTM motion for commercial lending emphasizing local loan decision-making and SBA Preferred Lender speed advantages.
Mega Bank firmographics
Firmographics- Name
- Mega Bank
- Legal name
- Mega Bank
- Website
- https://megabankusa.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Mega Bank is a privately held, FDIC-insured Chinese American community bank headquartered in San Gabriel, California, operating four branches across Southern California (San Gabriel, Arcadia, Hacienda Heights, Irvine) and serving individuals, seniors, and small-to-medium-sized businesses with retail deposits, CRE, construction, SBA, and C&I lending plus digital banking services.
- Ownership category
- akta.pro rank
Mega Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- General SME & Middle-Market Commercial Banking (FSABABAA)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Sector/Specialty Banking (Vertical-focused: Healthcare, Agri, Tech, etc.) (FSABABAI), Real Estate (Commercial Property, REITs) (FSABACAH)
Keywords
Where Mega Bank is headquartered
LocationHeadquarters
- HQ city
- San Gabriel
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Mega Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Net Interest Income: Interest earned on loans (commercial real estate, construction, SBA loans, commercial loans) exceeds interest paid on deposits (checking, savings, CDs, money market accounts). This is the primary revenue source for the community bank.
- Fee-based Services: Various service fees including wire transfers ($10-$30), stop payments ($15-$50), overdraft/NSF fees ($25), account maintenance charges, check collection fees, research fees, and safe deposit box rental.
- Credit Card Services: Credit card products administered through TCM Bank, N.A. generate interchange revenue and administrative fees.
- Cash Management Services: Fees for ACH origination, armored car service, courier service, night depository, wire origination, and remote deposit capture services for business customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Tiered Personal Savings - Interest-earning savings with tiered rates based on balance |
| Subscription | Monthly | Personal Time Deposit (CD) - Fixed-rate certificates with terms from 7 days to 5 years |
| Subscription | Monthly | Personal Flexible Time Deposit - 24-month CD with penalty-free withdrawals |
| Subscription | Annual | Individual Retirement Time Deposit - IRA CDs with 12, 18, or 24 month terms |
| Subscription | Monthly | Business Checking - Basic business checking with unlimited check writing |
| Subscription | Monthly | Interest Bearing Business Checking - Interest-earning business checking |
| Subscription | Monthly | Business Super Now - Checking with interest for sole proprietors and non-profits |
| Subscription | Monthly | Tiered Business Savings - Interest-earning savings with tiered rates |
| Transaction based/ take rate | Pay-as-you-go | Wire Transfer Fees |
| Transaction based/ take rate | Pay-as-you-go | Overdraft/NSF Fees |
| Subscription | Annual | Safe Deposit Boxes |
| Freemium | Monthly | Online Banking Services |
| Transaction based/ take rate | Pay-as-you-go | Stop Payment Fees |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels5 records
Mega Bank product offering
Product offeringCore offering
Mega Bank is a Chinese American community bank that offers personal and business deposit products (checking, savings, money market, CDs, IRAs), commercial lending products (commercial real estate loans, construction loans, commercial business loans, SBA 7(a) and 504 loans), and digital banking services (online banking, mobile banking, Zelle P2P, Remote Deposit Capture, ACH origination). The bank serves individual consumers, small to medium-sized businesses, and commercial real estate investors primarily through four branch locations in Southern California's San Gabriel Valley.
Product overview
Mega Bank is a Chinese American community bank offering a comprehensive suite of banking products. The core offerings include Personal Banking (checking, savings, money market, CDs, IRAs) and Business Banking (checking, savings, money market, CDs). The bank operates Online Banking and Mobile Banking platforms providing 24/7 account access with features including Bill Pay, Zelle P2P transfers, Mobile Deposit, eStatements, and ACH services. Business customers have access to dedicated eCorp Online Banking with Remote Deposit Capture and ACH Origination. Lending products span Commercial Real Estate Loans, Construction Loans, Commercial Business Loans, and SBA 7(a)/504 Loans (as SBA Preferred Lender). Additional services include wire transfers, Visa Debit/Credit Cards, and Safe Deposit Boxes. The bank maintains FDIC insurance coverage and complies with California Consumer Privacy Act requirements.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Flexible personal checking account with unlimited check-writing privileges, free online banking, free online bill payment, and Visa Debit Card availability. Designed for individual consumers seeking everyday personal banking services.
- Personal Super Now (Interest Checking) Interest-bearing personal checking account that combines checking convenience with interest-earning capability. Interest compounds monthly with unlimited check writing. Designed for individual consumers seeking higher yields on checking balances.
- Golden Checking Personal checking account designed for seniors aged 55+ and students with exclusive benefits including free standard personalized checks, free online bill payment, free cashier's checks and money orders, and free direct deposit.
- Tiered Personal Money Market High-yield personal money market account with tiered interest rates. Earns interest on balances of $2,500 or more with free eStatements and unlimited check writing. Designed for individual consumers seeking higher yield on liquid funds.
- Tiered Personal Savings Personal savings account with tiered interest rates where higher balances earn higher yields. Features unlimited withdrawals, free online banking, and monthly interest payments. Minimum opening balance of $100.
- Personal Time Deposit (CD) Certificate of Deposit with guaranteed higher interest rates. Terms range from 7 days to 5 years with competitive rates and minimum deposits as low as $2,500. Interest payable monthly or quarterly. Penalty for early withdrawal applies.
- Personal Flexible Time Deposit 24-month term CD allowing 2 additional deposits and 2 penalty-free withdrawals within the term. Minimum opening amount of $100,000. Designed for individual consumers seeking CD yields with flexibility.
- Individual Retirement Time Deposit (IRA) IRA time deposit with 12, 18, or 24-month terms. Minimum opening amount of $2,500 with monthly interest compounding and $15 annual fee. Designed for retirement savers seeking tax-advantaged fixed-income deposits.
- Business Checking Low-fee business checking with unlimited check-writing, free online banking, monthly image statements, and no per-deposit or per-check fees. $10 monthly service charge waived with $2,000 minimum daily average balance. Designed for small and medium-sized businesses.
- Interest Bearing Business Checking Interest-bearing business checking with unlimited check writing. Interest compounds monthly with $1,000 minimum opening balance. Monthly service charge waived with $2,500 minimum daily average balance.
- Business Super Now
Quantifiable outcome
- Super Premier Performance classification awarded by The Findley Reports for exceeding all performance criteria during 2023
Companies that use Mega Bank
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Mega Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature6 records
Mega Bank partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- ZellecoreMega Bank has partnered with Zelle to provide fast peer-to-peer money transfer services. Customers can send money directly from their bank account to enrolled recipients using email or U.S. mobile number. Transfers typically occur within minutes. No fees charged by Mega Bank for Zelle transactions.
- MoneyPasscorePartnership with MoneyPass provides Mega Bank customers access to 40,000+ surcharge-free ATMs nationwide. This extends ATM accessibility beyond the bank's 4 branch locations as branch ATM service sunsets December 31, 2026.
- Apple App StorecoreMega Bank mobile apps (Mega Bank Mobile Personal and Mega Bank Mobile Business) are distributed through the Apple App Store for iOS devices.
- Google Play StorecoreMega Bank mobile apps for personal and business banking are distributed through Google Play Store for Android devices.
- Federal Deposit Insurance Corporation (FDIC)coreFDIC provides deposit insurance coverage up to $250,000 per depositor. All Mega Bank deposits are FDIC-insured and backed by the full faith and credit of the U.S. Government.
- U.S. Small Business Administration (SBA)coreMega Bank is an SBA Preferred Lender (PLP), enabling faster processing of SBA 7(a) and 504 loans for small business customers. PLP status allows the bank to process loan applications more quickly than non-PLP lenders.
Scale indicators5 records
Recent moves7 records
Expansion highlights4 records
Mega Bank competitors and assessment
Company assessmentDirect peers
- Cathay Bank: A California-headquartered bank serving the Chinese American community with personal, business, and commercial real estate lending — the closest direct comparable to Mega Bank in mission, geography, and product mix, though materially larger.
- Pacific City Bank: A Los Angeles-area community bank focused on Korean American and broader Asian American SMB customers, with CRE and SBA lending capabilities — a comparable community-bank model in the same Southern California footprint.
- First General Bank: A California state-chartered Chinese American community bank serving SMB and individual customers with comparable deposit and lending products — directly comparable in mission and scale.
- GBC International Bank: A California-chartered Asian American community bank headquartered in Los Angeles, offering deposit products, CRE, and SBA lending — overlapping with Mega Bank in target customer and product mix.
- Royal Business Bank: A Los Angeles-based Chinese American community bank offering SBA, CRE, and commercial/industrial lending to Asian American businesses — a near-direct comparable by customer base, geography, and product set.
- Preferred Bank: A Los Angeles-based community bank focused on Chinese American and other Asian American business customers, offering commercial real estate, construction, and SBA lending with a comparable vertical specialization.
Emerging players
- Hanmi Bank: A Korean American community bank in California with deposit products, CRE lending, and SBA financing — analogous to Mega Bank in community-bank positioning and Asian American SMB specialization, though serving a different ethnic community.
- Bank of Hope: The largest Korean American community bank in the U.S., serving as a direct analog of the ethnic-community-banking model — comparable in vertical specialization, SBA/CRE lending focus, and California presence, though serving a different Asian American community.
Broad incumbents
- East West Bank: The largest Asian American-focused bank in the U.S., with deep Chinese American customer penetration, full commercial and consumer banking services, and substantially greater scale — a direct incumbent competitor for the same customer base.
- CTBC Bank USA: The U.S. subsidiary of Taiwan-based CTBC Bank, serving Chinese American and broader Asian American customers with personal, business, and commercial lending — a broader incumbent with overlapping customer targeting and product set.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Mega Bank compliance and trust
Trust signalCompliance3 records
Mega Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mega Bank leadership team
Management profileNumber of profiles
Profiles13 records
Mega Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mega Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mega Bank
What does Mega Bank do?
Mega Bank is a Chinese American community bank that offers personal and business deposit products (checking, savings, money market, CDs, IRAs), commercial lending products (commercial real estate loans, construction loans, commercial business loans, SBA 7(a) and 504 loans), and digital banking services (online banking, mobile banking, Zelle P2P, Remote Deposit Capture, ACH origination). The bank serves individual consumers, small to medium-sized businesses, and commercial real estate investors primarily through four branch locations in Southern California's San Gabriel Valley.
Is Mega Bank a public or private company?
Mega Bank is a private company. It is classified as unknown and is currently operating.
When was Mega Bank founded?
Mega Bank was founded in 2008. It employs 101 to 250 people.
Where is Mega Bank based?
Mega Bank is headquartered in San Gabriel, United States, in the North America region.
How does Mega Bank make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are fee-based Services, credit Card Services and cash Management Services.
Who are Mega Bank's main competitors?
Direct peers on record are Cathay Bank, Pacific City Bank, First General Bank, GBC International Bank, Royal Business Bank and Preferred Bank. Emerging players are Hanmi Bank and Bank of Hope. Broad incumbents are East West Bank and CTBC Bank USA.
Does Mega Bank have an API?
No public API is recorded for Mega Bank.
What industry is Mega Bank in?
Mega Bank's product category is Community Banking. Its primary akta.pro industry code is FSABABAA, General SME & Middle-Market Commercial Banking, with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6022.