Company Information

Get to know Commonwealth Business Bank

Founded in 2005, Commonwealth Business Bank (CBB) established itself as a community-focused financial institution headquartered in Los Angeles. The bank's mission was to serve the needs of small to mid-sized businesses, real estate investors, and professionals, with a particular strength in serving the Korean-American community. Its core services included commercial and industrial loans, commercial real estate loans, SBA loans, and a full suite of deposit and treasury management products. In 2018, CBB was acquired by Hanmi Financial Corporation and subsequently merged into its subsidiary, Hanmi Bank, to create a larger and more robust super-regional community bank.

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Commonwealth Business Bank

United States

Founded in

09 Mac 2005 (21 Years)

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Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.