Advertisement
Singapore markets open in 25 minutes
  • Straits Times Index

    3,306.02
    +6.02 (+0.18%)
     
  • S&P 500

    5,464.62
    -8.55 (-0.16%)
     
  • Dow

    39,150.33
    +15.53 (+0.04%)
     
  • Nasdaq

    17,689.36
    -32.24 (-0.18%)
     
  • Bitcoin USD

    62,974.63
    -1,454.70 (-2.26%)
     
  • CMC Crypto 200

    1,301.46
    -58.87 (-4.33%)
     
  • FTSE 100

    8,237.72
    -34.74 (-0.42%)
     
  • Gold

    2,331.40
    +0.20 (+0.01%)
     
  • Crude Oil

    80.32
    -0.41 (-0.51%)
     
  • 10-Yr Bond

    4.2570
    +0.0030 (+0.07%)
     
  • Nikkei

    38,571.02
    -25.45 (-0.07%)
     
  • Hang Seng

    18,028.52
    -306.78 (-1.67%)
     
  • FTSE Bursa Malaysia

    1,590.37
    -2.32 (-0.15%)
     
  • Jakarta Composite Index

    6,879.98
    -6,819.32 (-49.78%)
     
  • PSE Index

    6,158.48
    -186.08 (-2.93%)
     

Manufacturers Bank Rebrands as SMBC MANUBANK

Name change honors storied past while setting vision for innovative growth

LOS ANGELES, December 05, 2023--(BUSINESS WIRE)--Manufacturers Bank, a wholly owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group, announced today that it has changed its name to SMBC MANUBANK. The new name reflects the bank’s strategic vision to transform and expand its commercial banking business, compete in the digital consumer bank space, and further align with SMBC Group.

WHERE LOCAL EXPERTISE MEETS GLOBAL REACH AND DIGITAL INNOVATION

"SMBC MANUBANK reinforces our commitment to invest and transform our business to be client-first, and meet our clients where they are, whether it is in person or online," said Kazuhisa Miyagawa, SMBC MANUBANK Chairman and CEO. "Our goal is to build long term client relationships by providing high-touch service, actionable insights and innovative solutions powered by first-class technology," added Miyagawa.

ADVERTISEMENT

GATEWAY TO GROWTH

SMBC MANUBANK also reflects the bank’s commitment to honor its roots and build strong client and community relationships across SMBC Group, and its aspiration to be a Gateway to Growth for clients, communities, and colleagues.

The commercial bank is implementing plans to transform by streamlining processes, investing in technology, and expanding its product offerings to support the bank’s growth initiatives. The goal of these efforts is to bring innovative solutions that humanize banking and enhance the bank’s high-touch, high-engagement way of doing business. Clients still have access to local decision makers, dedicated relationship managers, specialized expertise in diverse industries, and offices across California.

SMBC MANUBANK's most recent innovation is Jenius Bank™, a digital division catering to U.S. consumers nationwide. Launched in mid-2023, Jenius Bank offers personal loans, savings accounts, and plans to introduce a mobile app in the coming months.

There is no change in bank ownership, management or operations associated with this name change.

ABOUT SMBC MANUBANK

Founded in 1962, SMBC MANUBANK is a California state-chartered commercial bank based in Los Angeles and is a wholly owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group. SMBC MANUBANK serves the specialized needs of middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies. The commercial bank has offices in Los Angeles, Beverly Hills, Brea, Encino, Glendale, Newport Beach, San Jose, and Torrance. For more information, please visit www.smbcmanubank.com.

ABOUT JENIUS BANK

Now open to customers, Jenius Bank has a mission to help people live a richer life through actionable insights and innovative tools powered by first-class technology. The bank currently offers personal loans and a savings product, with a mobile app launching in the coming months. Jenius Bank is the digital division of SMBC MANUBANK, a California state chartered commercial bank that is a wholly owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group. The Jenius Bank team works remotely across 39 states but also maintains offices for team collaboration in Phoenix, Arizona; Los Angeles, California; New York, New York; and Charlotte, North Carolina. To learn more information about Jenius Bank, visit www.jeniusbank.com.

ABOUT SMBC GROUP

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 86,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and ADRs on the New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC Rail Services LLC, SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. For more information, please visit www.smbcgroup.com.

Member FDIC
Equal Opportunity Lender
Equal Housing Lender

View source version on businesswire.com: https://www.businesswire.com/news/home/20231205661081/en/

Contacts

Dean Bui
Executive Director
Marketing & Product Development Manager
213-489-6286