Name change honors storied past while setting
vision for innovative growth
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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231205661081/en/
Dean Bui Executive Director Marketing & Product
Development Manager 213-489-6286
Sumitomo Mitsui Financial (NYSE:SMFG)
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