About Premier Business Bank and Premier Bank of Palos Verdes

Premier FAQ's

What type of bank is Premier?

In July 2006, Premier opened its doors in downtown Los Angeles as a full-service, high-tech community business bank.  In 2011, Premier expanded into the South Bay region of Los Angeles establishing a Loan Center in Torrance, and then opened another full service branch in the Palos Verdes Peninsula business district.  Premier offers a variety of banking solutions to both individuals and small to mid-sized businesses.

Is my banking relationship safe at Premier?

Premier was recently named one of the safest and top performing banks in America. In June and again in December 2012, Premier earned the highest rating (5-Stars) from BAUER FINANCIAL, the nation’s leading independent bank rating and research firm. To earn this TOP 5-Star rating, Premier excelled in the areas of capital adequacy, profitability, and asset quality just to name a few.  And, in July 2012, MSN Money named Premier as one of the 359 safest banks in America, of which only sixteen of those banks were located in California. There are 251 banks chartered in California, and more than 7,300 banks in the United States today.

At Premier, we are committed to maintaining a strong financial position.  It’s important that our clients know their hard-earned money is well placed.  Earning our clients’ and investors’ trust and confidence is at the center of everything we do.    

Can you tell me about your team?

Premier is managed by a well-known team of experienced bankers who have worked together for 20+ years.  We have an experienced team of bankers who are relationship–driven and place great importance on knowing their clients and understanding their businesses. This approach allows them to be flexible and offer innovative financing solutions to help their clients meet their goals.  We hear it all the time, people want to know their bankers and feel assured that their business is valued. At Premier, that’s why we place so much emphasis on fostering relationships with our clients so they see us as a strategic resource and trusted advisor.

Who are your clients?

Premier has a diverse client base that includes individuals, doctors and other professionals, small to mid-size businesses, entrepreneurs, and real estate investors who are located throughout Los Angeles County. Our bankers deliver highly personalized service and innovative banking solutions to the clients by bringing the bank to them at their place of business.  Although they’re always welcome to visit us at the branch.  Our bankers have years of experience and the knowledge to structure various financing solutions for different types of businesses and real estate investments.

What types of loan products do you offer?

Premier serves a broad range of business clients and real estate investors. As such we offer two distinct lines of loan products.  One product line is focused on the business owner who may need a revolving short term line of credit, or a term loan for equipment purchases, tenant improvements, or a business acquisition.  The second product line is designed for investors who are interested in purchasing or re-financing commercial real estate, multi-family properties, and/or single family residences “1-4” units. We are always willing to look at special financing requests and unique lending situations. And, because we make all of our lending decisions locally we have the flexibility to customize a loan and fund it quickly.  

How does Premier help clients with challenges they face today?

One of the most common challenges or frustrations we hear from people today is "what happened to the person I usually work with or talk to at my bank”.  In recent years, many of the banks have been acquired, relocated, or reorganized along with the bankers. At Premier, our clients feel they can call upon their banker who knows them and can help with their banking needs anytime day or night.  And, if their banker is unavailable or out of town, with our open door policy our clients can easily access anyone of us in the bank including the president. The greatest value we can offer our clients is a collaborative working relationship, like a partnership where you not only know their financial situation and goals, but also their character. We make our lending decisions based on many factors, but at Premier a client’s character and long-term relationship really count.

What makes Premier different from other banks?

The right attitude! At Premier, we refer to our service culture as the ‘Premier Difference’.  The concept comes from the definition of the word ‘PREMIER (pre-mier, adjective):  first in position, rank, or importance’.   We work closely with our clients to meet their individual banking needs, always seeking out alternative solutions to avoid ever saying ‘NO’ to a client who comes through our doors.  We are flexible and empower our bankers so they can meet the demands of their clients’ by delivering on what they promise. Our bankers are available 24/7 whenever the need arises.  In today’s banking world, this truly unique approach to serving clients continues to set us apart from our local competitors and the one-size-fits-all banks. That’s why we call our service culture the ‘Premier Difference’.

How does Premier give back to the community?

All of our bankers are involved in the community through participation in various civic and non-profit organizations. Our commitment to community is sincere and is demonstrated through leadership roles, volunteering and by contributing a portion of our profits to education, charitable organizations, the environment and the arts.  A recent example of this philosophy was realized when Premier was the presenting sponsor of the Palos Verdes Peninsula Chamber of Commerce Installation Breakfast and Seminar. Not only was our President John Polen installed as a new board member, but one of our bankers was instrumental in securing renowned economist, Dr. James Cunningham, Economics Professor from the USC Marshall School of Business to speak to the local business people on the status of the California and U.S. economy.

We encourage you to contact us to answer any questions you may have or if you need assistance.  Please call us at 213-689-4800.  We're here to help.