Bank of Southern California has opened a production office in Orange County, in the city of Orange.
The bank, which started in 2001 in Riverside County as Ramona National Bank, relocated its headquarters to San Diego in 2008 and assumed its current name in 2010, according to the FDIC.
The bank said the expansion to Orange County is part of a broader plan to grow the bank's presence in Southern California.
“The bank currently serves many clients who are based in Orange and Los Angeles counties, so our expansion into Orange County was the next, natural extension of our planned growth,” Nathan Rogge, the bank's president and CEO, said on Jan. 11. “The Orange County market is attractive, not only because of its proximity to the bank's existing footprint, but also because of the number of thriving and prosperous businesses in the region left unserved by larger regional and national banks.”
Bank of Southern California operates seven branches in San Diego and Riverside counties. The bank had just shy of $468 million in assets as of Sept. 30, the latest data available.