Comment Detail
Date: 03/22/23 First Name: Wayne Last Name: Masuda Email: waynem@universalbank.com Organization Type: fhlbank Organization: Universal Bank Comment
Universal Bank is a community bank headquartered in West Covina, CA. with Total Assets as of December 31, 2022 of $377.3 million. The Bank is primarily focused on originating commercial real estate loans with primary concentration in multi-family loans. The bank also has very strong asset quality and capital position and as of March 22, 2023 has outstanding borrowings from the FHLBSF of $70 million, which will be reduced to $60 million at the end of March and further reduced to $40 million at the end of April after the repayment of 3-year borrowings made in March and April 2020.
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