OverviewSuggest Edit

Open Bank provides banking products and services. It generates certificates of deposit, installment accounts, money market accounts, retirement accounts, demand and time deposits, savings accounts, as well as various personal and business checking accounts. The Company also provides commercial lending products, including business line of credit, business term loans, and commercial real estate term loans.
TypePublic
Founded2005
HQLos Angeles, CA, US
Websitemyopenbank.com
Employee Ratings4

Latest Updates

Employees (est.) (Dec 2019)168(+10%)
Revenue (FY, 2019)$2 M(+6%)
Share Price (Jan 2021)$7.7 (+4%)
Cybersecurity ratingBMore

Open Bank Office Locations

Open Bank has offices in Los Angeles, Aurora, Bellevue, Duluth and in 1 other location
Los Angeles, CA, US (HQ)
1000 Wilshire Blvd #500
Aurora, CO, US
2821 S Parker Rd #245
Bellevue, WA, US
11900 NE 1st St #300
Duluth, GA, US
3700 Crestwood Pkwy NW #205
Lynnwood, WA, US
3405 188th St SW #304
Show all (5)

Open Bank Financials and Metrics

Open Bank Revenue

Open Bank's revenue was reported to be $2.02 m in FY, 2019
USD

Revenue (Q2, 2020)

230.0k

Net income (Q2, 2020)

2.4m

Market capitalization (6-Jan-2021)

115.8m

Closing stock price (6-Jan-2021)

7.7

Cash (30-Jun-2020)

112.2m

EV

12.8m
Open Bank's current market capitalization is $115.8 m.
Annual
USDFY, 2018FY, 2019

Revenue

1.9m2.0m

R&D expense

1.2m1.5m

Operating expense total

2.8m3.1m

Interest expense

9.1m14.5m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

2.2m397.5k483.9k448.0k499.0k469.0k430.0k230.0k

R&D expense

330.9k296.5k320.4k312.0k367.0k385.0k409.0k414.0k

Operating expense total

643.4k702.5k719.4k776.0k745.0k791.0k802.0k722.0k

Interest expense

1.6m2.1m2.5m3.3m3.7m3.9m3.2m2.3m
Annual
USDFY, 2018FY, 2019

Cash

77.7m86.0m

Accounts Receivable

865.4m980.1m

PP&E

4.6m5.2m

Total Assets

1.0b1.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

69.9m61.3m95.8m65.8m83.1m89.1m111.0m112.2m

Accounts Receivable

784.0m816.3m840.5m903.4m937.5m954.7m985.8m1.0b

PP&E

4.7m4.8m4.8m5.1m5.3m5.4m5.1m4.9m

Total Assets

956.8m979.4m1.0b1.1b1.1b1.2b1.2b1.3b
Annual
USDFY, 2018FY, 2019

Net Income

14.3m16.8m

Depreciation and Amortization

1.0m1.1m

Cash From Operating Activities

30.6m18.2m

Purchases of PP&E

(1.2m)(1.7m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

3.2m7.0m10.5m4.7m8.6m12.6m3.3m5.7m

Depreciation and Amortization

240.4k489.0k762.4k268.0k538.0k835.0k329.0k654.0k

Cash From Operating Activities

(1.4m)11.0m23.4m2.7m8.0m15.9m2.4m(2.1m)

Purchases of PP&E

(467.1k)(825.9k)(1.0m)(718.0k)(1.2m)(1.6m)(245.0k)(309.0k)
USDQ1, 2018

Financial Leverage

8.2 x
Show all financial metrics

Open Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Open Bank Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Open Bank Online and Social Media Presence

Embed Graph

Open Bank News and Updates

Oz challenger bank 86 400 signs on with Open Bank Project

86 400, an Australian banking startup led by a host of industry heavyweights, has inked a deal with...

Open Bank Frequently Asked Questions

  • When was Open Bank founded?

    Open Bank was founded in 2005.

  • How many employees does Open Bank have?

    Open Bank has 168 employees.

  • What is Open Bank revenue?

    Latest Open Bank annual revenue is $2 m.

  • What is Open Bank revenue per employee?

    Latest Open Bank revenue per employee is $12 k.

  • Who are Open Bank competitors?

    Competitors of Open Bank include Amalgamated Bank, United Business Bank and Brookline Bancorp.

  • Where is Open Bank headquarters?

    Open Bank headquarters is located at 1000 Wilshire Blvd #500, Los Angeles.

  • Where are Open Bank offices?

    Open Bank has offices in Los Angeles, Aurora, Bellevue, Duluth and in 1 other location.

  • How many offices does Open Bank have?

    Open Bank has 5 offices.