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luther burbank corporation

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uuid02m7vls

Namestring
luther burbank corporation
Websiteurl
lbsavings.com
Company typeenum
Private
Founded yearstring
-
Descriptiontext

Luther Burbank Corporation is a privately held financial services company headquartered in Santa Rosa, California, that provides personal and business banking products, including lending and savings offerings, to consumers, small and medium businesses, and commercial clients. The company operates through its website at lbsavings.com and is positioned as a community-focused banking provider serving individual and business depositors and borrowers.

Short descriptiontext

Luther Burbank Corporation is a privately held, Santa Rosa, California-based financial services company providing consumer, small business, and commercial banking products, including lending and savings, supported by a 200+ branch network across 9 western U.S. states.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersSanta Rosa, United States
HQ citystring
Santa Rosa
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
retail banking services, commercial lending, personal banking, business banking, mortgage lending
Industry1 code
1SME Deposits & Business Accounts (Operating, Savings, CDs)
CodeFSABABACPrimaryYes
NAICS code3 codes
  • Depository Credit Intermediation5221
  • Savings Institutions and Other Depository Credit Intermediation522180
  • Commercial Banking52211
SIC code2 codes
  • Savings Institutions, Not Federally Chartered6036
  • State Commercial Banks6022
Product category
Retail Banking
No data
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels6 records

Each record includes

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

Cost components5 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Luther Burbank Corporation, through its subsidiary WaFd Bank, provides personal and business banking products including checking accounts, savings accounts, money market accounts, credit cards, home loans, retirement accounts, commercial lending, and merchant services. The institution operates more than 200 branches across 9 western U.S. states complemented by 24/7 online and mobile banking with mobile check deposit.

Differentiator
Functional benefit
Problem solved
Product and service17 records
1Personal Checking Accounts (including Free Checking)
CategoryPersonal Banking
Description

Personal checking accounts including Free Checking options for individual consumers seeking everyday transactional banking.

2Savings and Money Market Accounts
CategoryPersonal Banking
Description

Personal savings and money market accounts for individual consumers seeking to grow deposits with interest accrual.

3Credit Cards
CategoryPersonal Lending
Description

Personal credit card products for individual consumers for everyday spending and credit access.

4Home Loans (Mortgages)
CategoryPersonal Lending
Description

Residential mortgage and home loan products for individual consumers purchasing or refinancing homes.

5Retirement Accounts
CategoryPersonal Banking
Description

Retirement account products for individual consumers planning long-term savings.

6Business Checking Accounts
CategoryBusiness Banking
Description

Business checking accounts for small and medium business owners for daily business transactions.

7Business Savings and Money Market Accounts
CategoryBusiness Banking
Description

Business savings and money market accounts for small and medium businesses seeking to earn interest on operating reserves.

8Business Loans
CategoryBusiness Lending
Description

Business loan products for small and medium business owners for working capital and expansion.

9Merchant Services
CategoryBusiness Banking
Description

Merchant payment processing services for businesses to accept card payments and related point-of-sale solutions.

10Cash Management Services
CategoryBusiness Banking
Description

Cash management services for businesses to optimize liquidity, payments, and receivables.

11SBA Financing
CategoryBusiness Lending
Description

SBA-guaranteed financing programs for small businesses seeking government-backed loans.

12Commercial Lending
CategoryCommercial Banking
Description

Commercial lending services for larger businesses including acquisition financing, equipment financing, and commercial credit facilities.

13Commercial Real Estate Financing
CategoryCommercial Banking
Description

Commercial real estate financing for real estate developers, investors, and owner-occupied real estate borrowers.

14Agribusiness Banking
CategorySpecialized Industry Banking
Description

Industry-specific banking services tailored for agribusiness clients in agricultural communities.

15Senior Housing Banking
CategorySpecialized Industry Banking
Description

Specialized banking services tailored for senior housing and care facility operators.

16Community Associations Banking
CategorySpecialized Industry Banking
Description

Specialized banking services for community associations including HOAs and property management entities.

17Government and Institutional Banking
CategorySpecialized Industry Banking
Description

Specialized banking services for government entities and institutional clients requiring public sector banking solutions.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers8 records
TypeDirect peer
Description

California-based community bank offering business and consumer banking, commercial real estate lending, and treasury management. Comparable diversified retail/commercial product set and California footprint.

TypeDirect peer
Description

Northern California community bank targeting SMBs, professionals, and commercial clients. Overlapping product mix (deposits, commercial real estate, SBA) with Luther Burbank Corporation.

TypeDirect peer
Description

Northern California community bank serving consumers and small businesses across the North Bay. Closely comparable geographic and customer-segment overlap with Luther Burbank Corporation's Santa Rosa base.

TypeDirect peer
Description

California community bank holding company (Citizens Business Bank) serving SMB and commercial clients. Comparable focus on business banking, commercial lending, and relationship-driven deposits.

TypeDirect peer
Description

Northern California community bank holding company (Tri Counties Bank) serving consumers, small businesses, and commercial clients. Directly comparable business mix and deposit/lending model.

TypeBroad incumbent
Description

California-headquartered commercial bank with a broad consumer and commercial product set. Larger and more diversified than Luther Burbank Corporation, but a relevant incumbent in the same regional deposit and SMB market.

TypeDirect peer
Description

California-headquartered community bank offering consumer and business banking, commercial real estate, and SBA lending. Highly comparable to Luther Burbank Corporation's deposit-taking, SMB-focused franchise in Northern California.

TypeRegional player
Description

Northern California community bank operating in the Sacramento Valley and North Coast. Comparable size and customer base to Luther Burbank Corporation, with overlapping geographic exposure.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses3 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

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

Investment

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 →

luther burbank corporation

Retail Bankinglbsavings.com

Luther Burbank Corporation is a privately held, Santa Rosa, California-based financial services company providing consumer, small business, and commercial banking products, including lending and savings, supported by a 200+ branch network across 9 western U.S. states.

What luther burbank corporation does

Luther Burbank Corporation is a privately held financial services company headquartered in Santa Rosa, California, that provides personal and business banking products, including lending and savings offerings, to consumers, small and medium businesses, and commercial clients. The company operates through its website at lbsavings.com and is positioned as a community-focused banking provider serving individual and business depositors and borrowers.

luther burbank corporation firmographics

Firmographics
Name
luther burbank corporation
Website
https://lbsavings.com
Company type
Private
Operating status
Operating
Short description
Luther Burbank Corporation is a privately held, Santa Rosa, California-based financial services company providing consumer, small business, and commercial banking products, including lending and savings, supported by a 200+ branch network across 9 western U.S. states.
Ownership category
akta.pro rank

luther burbank corporation industry classification

Industry
Product category
Retail Banking
NAICS
Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (52211)
SIC
Savings Institutions, Not Federally Chartered (6036), State Commercial Banks (6022)
akta.pro primary industry
SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

  • Retail banking services
  • Commercial lending
  • Personal banking
  • Business banking
  • Mortgage lending

Where luther burbank corporation is headquartered

Location

Headquarters

HQ city
Santa Rosa
HQ country
United States
HQ region
North America

Markets served

luther burbank corporation business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Distribution channels6 records

Marketing channels3 records

luther burbank corporation product offering

Product offering

Core offering

Luther Burbank Corporation, through its subsidiary WaFd Bank, provides personal and business banking products including checking accounts, savings accounts, money market accounts, credit cards, home loans, retirement accounts, commercial lending, and merchant services. The institution operates more than 200 branches across 9 western U.S. states complemented by 24/7 online and mobile banking with mobile check deposit.

Differentiator

Problem solved

Functional benefit

Products and services

  • Personal Checking Accounts (including Free Checking) Personal checking accounts including Free Checking options for individual consumers seeking everyday transactional banking.
  • Savings and Money Market Accounts Personal savings and money market accounts for individual consumers seeking to grow deposits with interest accrual.
  • Credit Cards Personal credit card products for individual consumers for everyday spending and credit access.
  • Home Loans (Mortgages) Residential mortgage and home loan products for individual consumers purchasing or refinancing homes.
  • Retirement Accounts Retirement account products for individual consumers planning long-term savings.
  • Business Checking Accounts Business checking accounts for small and medium business owners for daily business transactions.
  • Business Savings and Money Market Accounts Business savings and money market accounts for small and medium businesses seeking to earn interest on operating reserves.
  • Business Loans Business loan products for small and medium business owners for working capital and expansion.
  • Merchant Services Merchant payment processing services for businesses to accept card payments and related point-of-sale solutions.
  • Cash Management Services Cash management services for businesses to optimize liquidity, payments, and receivables.
  • SBA Financing SBA-guaranteed financing programs for small businesses seeking government-backed loans.
  • Commercial Lending Commercial lending services for larger businesses including acquisition financing, equipment financing, and commercial credit facilities.
  • Commercial Real Estate Financing Commercial real estate financing for real estate developers, investors, and owner-occupied real estate borrowers.
  • Agribusiness Banking Industry-specific banking services tailored for agribusiness clients in agricultural communities.
  • Senior Housing Banking Specialized banking services tailored for senior housing and care facility operators.
  • Community Associations Banking Specialized banking services for community associations including HOAs and property management entities.
  • Government and Institutional Banking Specialized banking services for government entities and institutional clients requiring public sector banking solutions.

Companies that use luther burbank corporation

Customer profile

Segments4 records

Ideal customer profiles3 records

luther burbank corporation technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

luther burbank corporation partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves2 records

Expansion highlights3 records

luther burbank corporation competitors and assessment

Company assessment

Direct peers

  • Pacific Premier Bancorp: California-based community bank offering business and consumer banking, commercial real estate lending, and treasury management. Comparable diversified retail/commercial product set and California footprint.
  • Heritage Bank of Commerce: Northern California community bank targeting SMBs, professionals, and commercial clients. Overlapping product mix (deposits, commercial real estate, SBA) with Luther Burbank Corporation.
  • Bank of Marin Bancorp: Northern California community bank serving consumers and small businesses across the North Bay. Closely comparable geographic and customer-segment overlap with Luther Burbank Corporation's Santa Rosa base.
  • CVB Financial: California community bank holding company (Citizens Business Bank) serving SMB and commercial clients. Comparable focus on business banking, commercial lending, and relationship-driven deposits.
  • TriCo Bancshares: Northern California community bank holding company (Tri Counties Bank) serving consumers, small businesses, and commercial clients. Directly comparable business mix and deposit/lending model.
  • Mechanics Bank: California-headquartered community bank offering consumer and business banking, commercial real estate, and SBA lending. Highly comparable to Luther Burbank Corporation's deposit-taking, SMB-focused franchise in Northern California.

Broad incumbents

  • East West Bank: California-headquartered commercial bank with a broad consumer and commercial product set. Larger and more diversified than Luther Burbank Corporation, but a relevant incumbent in the same regional deposit and SMB market.

Regional players

  • First Northern Community Bancorp: Northern California community bank operating in the Sacramento Valley and North Coast. Comparable size and customer base to Luther Burbank Corporation, with overlapping geographic exposure.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat3 records

Key risks4 records

Key highlights4 records

Customer concentration

luther burbank corporation financial estimates

Financial estimate

Revenue estimate

Valuation estimate

luther burbank corporation leadership team

Management profile

Number of profiles

luther burbank corporation funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

luther burbank corporation M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about luther burbank corporation

What does luther burbank corporation do?

Luther Burbank Corporation, through its subsidiary WaFd Bank, provides personal and business banking products including checking accounts, savings accounts, money market accounts, credit cards, home loans, retirement accounts, commercial lending, and merchant services. The institution operates more than 200 branches across 9 western U.S. states complemented by 24/7 online and mobile banking with mobile check deposit.

Is luther burbank corporation a public or private company?

luther burbank corporation is a private company. It is classified as unknown and is currently operating.

When was luther burbank corporation founded?

luther burbank corporation was founded in -1.

Where is luther burbank corporation based?

luther burbank corporation is headquartered in Santa Rosa, United States, in the North America region.

Who are luther burbank corporation's main competitors?

Direct peers on record are Pacific Premier Bancorp, Heritage Bank of Commerce, Bank of Marin Bancorp, CVB Financial, TriCo Bancshares and Mechanics Bank. East West Bank is listed as a broad incumbent. First Northern Community Bancorp is listed as a regional player.

Does luther burbank corporation have an API?

No public API is recorded for luther burbank corporation.

What industry is luther burbank corporation in?

luther burbank corporation's product category is Retail Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 5221 and its SIC code is 6036.

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Live signals
Business Wire BlogWaFd Reports Second Quarter Fiscal 2024 Results Following Completion of Merger of Luther Burbank CorporationWaFd, Inc. reported its second quarter fiscal 2024 results following the completion of its merger with Luther Burbank Corporation on February 29, 2024. The quarterly earnings decreased by 73% to $15.9 million, attributed to merger-related costs totaling $51.1 million. The company anticipates that the acquisition will lead to earnings per share accretion of 8% in fiscal 2025 and 16% in fiscal 2026, indicating a forward-looking potential for growth.Secwfsl-20240229WaFd, Inc. closed its previously announced merger with Luther Burbank Corporation on February 29, 2024, effective as of March 1, 2024. The transaction involved the corporate merger of the two entities and the subsequent integration of Luther Burbank Savings into WaFd Bank. This filing serves as an amendment to a previous Form 8-K to include required pro forma financial statements.GlobeNewswireWaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank CorporationWaFd, Inc. and Luther Burbank Corporation received regulatory approvals to merge Luther Burbank Savings into Washington Federal Bank and Luther Burbank into WaFd, Inc. The merger will add ten California branches, expanding WaFd Bank's footprint to nine western states. Closing is expected by February 29, 2024, with system integration in March.GlobeNewswireLuther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2023Luther Burbank Corporation reported net income of $1.9 million and $22.3 million for the quarter and nine months ended September 30, 2023, respectively, with diluted EPS of $0.04 and $0.44. Net interest margin fell to 0.97% from 1.27% due to higher deposit costs, while liquidity and capital ratios remained strong.GlobeNewswireLuther Burbank Corporation Reports Earnings for the Quarter and Six Months Ended June 30, 2023Luther Burbank Corporation reported net income of $6.9 million, or $0.14 per diluted share, for the quarter ended June 30, 2023. Deposits rose 3% to $5.8 billion, while loans fell 1% to $6.9 billion. The company expects margin and earnings to improve only when short-term rates decline or loans reprice.GlobeNewswireWashington Federal, Inc. and Luther Burbank Corporation Announce Receipt of Shareholder Approval for MergerWashington Federal and Luther Burbank shareholders approved their merger on May 4, 2023, with Washington Federal as the surviving corporation. The combined entity will have total assets of $30.6 billion, loans of $24.3 billion, and deposits of $21.5 billion. Closing remains subject to regulatory approvals.GlobeNewswireLuther Burbank Corporation Reports Earnings for the QuarterLuther Burbank Corporation reported net income of $13.4 million, or $0.26 per diluted share, for the quarter ended March 31, 2023. Net interest margin fell to 1.72% from 2.01% in the prior quarter, and deposits declined 3.3% to $5.6 billion. The company increased liquidity by $494 million and expanded borrowing capacity to $2.3 billion.GlobeNewswireLuther Burbank Corporation Reports Earnings for the Quarter and Year Ended December 31, 2022Luther Burbank Corporation reported net income of $13.7 million for the fourth quarter of 2022, and $80.2 million for the full year, with diluted EPS of $0.27 and $1.57, respectively. Net interest margin fell to 2.01% from 2.42% due to rising deposit costs, while loan growth and higher loan yields offset some pressure. The company expects its merger with Washington Federal to close in 2023.PR NewswireSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AGFS, IAA, LBC, APENInvestor rights law firm Halper Sadeh LLC announced investigations into four pending acquisitions for potential federal securities law violations and breaches of fiduciary duties to shareholders. The acquisitions under scrutiny include AgroFresh Solutions' sale to Paine Schwartz Partners for $3.00 per share, IAA's sale to Ritchie Bros. Auctioneers for $10.00 per share plus stock, Luther Burbank Corporation's sale to Washington Federal via stock exchange, and Apollo Endosurgery's sale to Boston Scientific for $10.00 per share. The firm indicated it may seek increased consideration, additional disclosures, or other relief on behalf of shareholders.PR NewswireLUTHER BURBANK INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Luther Burbank Corporation - LBCLaw firm Kahn Swick & Foti, LLC announced an investigation into the proposed acquisition of Luther Burbank Corporation by Washington Federal, Inc. Under the terms of the deal, Luther Burbank shareholders would receive 0.3353 shares of Washington Federal for each share owned. The firm is examining whether the consideration adequately values Luther Burbank and whether the deal process was sufficient.