About Us
Meet our Retail Banking Team
Since 1985 Malaga Bank has been delivering competitive personal and business banking services to residents and businesses of the South Bay. As the largest community bank in the South Bay, Malaga Bank takes pride in its ongoing legacy of relationship-based banking and legendary customer service by a dedicated team of experienced bankers to help you navigate the changing financial landscape.
Experience the difference today and "bank local" with the bank that is a part of your community.
Palos Verdes Estates Branch
Contact: Helen Stoddart
Vice President
Retail Banking Manager
2514 Via Tejon
Palos Verdes Estates, CA 90274
310-375-9000
Monday - Thursday 9:00am - 5:00pm
Friday 9:00am - 6:00pm
Rolling Hills Estates Branch
Contact: Jessica Beck
Assistant Vice President
Retail Banking Manager
27450 Hawthorne Blvd
Rolling Hills Estates, CA 90274
310-541-3000
Monday - Thursday 9:00am - 5:00pm
Friday 9:00am - 6:00pm
Torrance Branch
Contact: Ana Straser
Vice President
Retail Banking Manager
25700 Crenshaw Blvd
Torrance, CA 90505
310-784-2000
Monday - Thursday 9:00am - 5:00pm
Friday 9:00am - 6:00pm
San Pedro Branch
Contact: Andrea Lastimosa
Vice President
Retail Banking Manager
1460 West 25th Street
San Pedro, CA 90732
310-732-1100
Monday-Thursday 9:00am - 5:00pm
Friday 9:00am - 6:00pm
Torrance Skypark Branch
Contact: Sacha Ohara
Senior Vice President
Retail Banking Manager
23670 Hawthorne Blvd Suite 101A
Torrance, CA 90505
310-544-5180
Monday - Friday 9:00am - 5:00pm
Business Development
Contact:
Julia Parton
First Vice President
Business Development Manager
27450 Hawthorne Blvd
Rolling Hills Estates, CA 90274
310-541-3000
Real Estate Loan Center
Contact:
Cathy Jaramillo
Vice President
Loan Processing Manager
Contact:
Nina Brister
Vice President
Loan Service Manager
Contact:
John Erikson
Vice President
Sr. Commercial Real Estate Underwriter
23670 Hawthorne Blvd Suite 101B
Torrance, CA 90505
310-544-7800
Monday - Friday 8:30am - 5:30pm
Board of Directors
- Randy C. Bowers
Chairman - Jerry Donahue
Corporate Secretary - Christopher M. Adishian
- Raymond L. Craemer, M.D
- Herbert Lee
- Richard A. Oas, M.D.
- Jasna Penich
- Andrew Sheng, D.M.D.
- Doug Wible
Executive Officers
- Randy C. Bowers
President & CEO - Jasna Penich
EVP, Chief Financial Officer
Loan Origination
- Mark Bustamante
SVP, Income Property Lending - Susan Pengelly
AVP, Income Property Lending - Brian Beckenhaupt
Loan Production Specialist
Retail Banking Operations
- Sacha Ohara
SVP, Retail Banking Manager / Torrance Skypark - Kristina Keys
FVP, Group Retail Banking Manager - Julia Parton
FVP, Business Development Manager - Naher Elramly
VP, Branch Services Manager - Andrea Lastimosa
VP, Retail Banking Manager / San Pedro - Helen Stoddart
VP, Retail Banking Manager / Palos Verdes Estates - Ana Straser
VP, Retail Banking Manager / Torrance - Jessica Beck
AVP, Retail Banking Manager / Rolling Hills Estates
Corporate Administration
- Randy C. Bowers
President & CEO - Jasna Penich
EVP, Chief Financial Officer - Donald Lee
SVP, Risk Officer / BSA Officer - David Iwasaka
VP, Controller - Rafael Vargas
VP, IT Manager - Maureen Bray
AVP, Creative Marketing Director - Carmela Carroll
AVP, Retail Operations Specialist - Gayle CdeBaca
- AVP, Facilities Manager
- Bryan Grageda
AVP, Training Manager
Lending Operations
- Cathy Jaramillo
VP, Loan Processing Manager - Nina Brister
VP, Loan Service / Funding Manager - John Erikson
VP, Sr. Commercial Real Estate Underwriter
2024 Press Releases
Malaga Financial Corporation Reports Record Annual Earnings in 2023
January 23, 2024
2023 Press Releases
Malaga Financial Corporation Announces Special Year End 2023 Stock Dividend in Addition to First Quarter 2024 Cash Dividend
November 10, 2023
Malaga Financial Corporation Reports Record Earnings
October 13, 2023
Malaga Financial Corporation Announces 77th Consecutive Quarterly Cash Dividend
September 8, 2023
Malaga Financial Corporation Reports Increased Earnings for the First Six Months of 2023
July 14, 2023
Malaga Financial Corporation Announces 76th Consecutive Quarterly Cash Dividend
May 26, 2023
Malaga Financial Corporation Reports 23% Increase in YOY First Quarter Earnings
April 19, 2023
Malaga Financial Corporation Announces 75th Consecutive Quarterly Cash Dividend
March 13, 2023
Malaga Financial Corporation Reports Record Earnings Fourth Quarter and Year-to-Date 2022
January 24, 2023
2022 Press Releases
Malaga Financial Corporation Announces Special Year End 2022 Dividend in Addition to First Quarter 2023 Cash Dividend
November 14, 2022
Malaga Financial Corporation Reports Record Earnings
October 19, 2022
Malaga Financial Corporation Announces 73rd Consecutive Quarterly Cash Dividend
September 12, 2022
Malaga Financial Corporation Reports Increased Earnings for the First Six Months of 2022
July 15, 2022
Malaga Financial Corporation Announces 72nd Consecutive Quarterly Cash Dividend
May 27, 2022
Malaga Financial Corporation Reports Increase in First Quarter Earnings
April 12, 2022
Malaga Financial Corporation Announces 71st Consecutive Quarterly Cash Dividend
March 11, 2022
Malaga Financial Corporation Reports Record Earnings Year-To-Date 2021
January 27, 2022
2021 Press Releases
Malaga Financial Corporation Announces Special Year End 2021 Stock Dividend in Addition to First Quarter 2022 Cash Dividend
October 25, 2021
Malaga Financial Corporation Reports 8% Increase in Earnings for the First Nine Months of 2021
October 15, 2021
Malaga Financial Corporation Announces 69th Consecutive Quarterly Cash Dividend
September 10, 2021
Malaga Financial Corporation Reports 9% Increase in Earnings for the First Six Months of 2021
July 15, 2021
Malaga Financial Corporation Announces 68th Consecutive Quarterly Cash Dividend
May 28, 2021
Malaga Financial Corporation Reports 13% Increase in First Quarter Earnings
April 16, 2021
Malaga Financial Corporation Announces 67th Consecutive Quarterly Cash Dividend
March 12, 2021
Malaga Financial Corporation Reports Record Earnings Year-To-Date 2020 19% Increase
January 26, 2021
2020 Press Releases
Malaga Financial Corporation Announces Special Year End 2020 Stock Dividend in Addition to First Quarter 2021 Cash Dividend
November 13, 2020
Malaga Financial Corporation Reports Record Earnings
October 16, 2020
Malaga Financial Corporation Announces the Retirement of Founding Director Leo Lee and Two New Appointments to its Board of Directors
September 11, 2020
Malaga Financial Corporation Announces 65th Consecutive Quarterly Cash Dividend
September 11, 2020
Malaga Financial Corporation Reports 23% Increase in Second Quarter Earnings
July 17, 2020
Malaga Financial Corporation Announces 64th Consecutive Quarterly Cash Dividend
May 29, 2020
Malaga Financial Corporation Reports 21% Increase in First Quarter Earnings
April 24, 2020
Malaga Financial Corporation Announces 63rd Consecutive Quarterly Cash Dividend
March 13, 2020
Malaga Financial Corporation Reports Record Earnings Fourth Quarter and Year to Date 2019
January 17, 2020
Malaga Financial Corporation is the holding company of Malaga Bank, a full service community bank headquartered on the Palos Verdes Peninsula with branch offices on the Peninsula, Torrance and San Pedro. Since 1985, Malaga Bank has been delivering competitive banking services to residents, businesses and community organizations of the South Bay. As the largest community bank headquartered in the South Bay, Malaga Bank remains committed to its standard of excellence in customer service and strong relationship-based banking philosophy.
Stock Information
Malaga Financial Corporation (MFC) is the holding company of Malaga Bank.
MFC is traded over the counter, the symbol is MLGF.
For stock information please contact Randy C. Bowers, President and CEO at 310.375.9000 ext. 2004.
Transfer Agent:
Shareholder correspondence mailing address:
Computershare Shareholder Services
P.O. Box 43006
Providence, RI 02940-3006
Overnight correspondence mailing address:
Computershare Shareholder Services
150 Royall St., Ste. 101
Canton, MA 02021
Shareholder website
www.computershare.com/investor
Shareholder online inquiries
www-us.computershare.com/investor/Contact
Annual Reports
Press Releases
Message from the CEO
Randy Bowers
Chairman of the Board, President and CEOOur Mission
"Our mission is to provide exceptional service and quality banking products tailored to meet the needs of each customer."
Why Malaga Bank? Bank Local First!
Since Malaga Bank opened its first office in Palos Verdes Estates on March 14, 1985 we have been a strong proponent of our local community and helping one another. We believe in supporting our community and in patronizing local businesses. As a full service community bank we have been serving the financial needs of the South Bay community for over 35 years offering a variety of personal banking products, business banking products and loan products that compare favorably with those at larger financial institutions. Malaga Bank's philosophy is to provide a broad range of financial products and services to the entire South Bay community with the best in hospitality and service to go along with them.
When was the last time a bank teller greeted you by name? When was the last time a bank president did? At Malaga Bank it happens every day. While other banks claim to give personal service, at Malaga Bank we actually deliver it. Here at Malaga, customers aren't simply customers; they're also friends and neighbors. In fact, many of our customers have been banking with us since the day we opened our doors in 1985.
Everyone who walks through the door of any office receives much more than a mere financial transaction. Banking with Malaga Bank is an experience-an experience of community and genuine concern for our customers. An experience unlike any other in today's world of mega-banks with corporate offices several time zones away from the customers they are supposed to serve. They are greeted warmly by staff-many whom they have come to know and like: Familiar faces who embrace technology without ever forgetting that before you had a username and password, you had just a name.
These intangibles make the experience of banking with Malaga one that's very rare. It's an experience that is valued not only by our current customers, but everyone who knows that both financially, and personally, they deserve the best banking has to offer.
Experience the difference today and "bank local" with the bank that is a part of your community.
Career Opportunities
At Malaga Bank, we consider our customers as friends and family. Our most valuable resource is our employees, whose dedication and hard work has enabled us to cultivate and maintain long-lasting relationships with our customers across the South Bay. We recognize that success comes from team work and exceptional individual effort. Therefore, we are committed to creating an environment where every employee can learn and grow.
Customer Service Representative (Full-time)
- The Customer Service Representative is responsible for performing routine branch and customer services duties; accepts retail and commercial checking and savings deposits; processes loan payments; cashes checks and savings withdrawals; promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services. Complies with all Bank policies and procedures as well as all applicable state and federal banking regulations.
- South Bay residence preferred. Excellent benefits and fun work environment is included.
Personal Banker III at Large (Full-time)
- The position of Personal Banker III is responsible for performing intermediate duties and support related to branch operational activities and financial services; processing all new account transactions; assisting customers in their selection of various accounts and financial services; cross-selling the Bank’s products and services.
- Opening, maintaining and closing of all account types; performing branch clerical duties; promoting business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services.
- Required to be fully knowledgeable and skilled in the areas of Business/Consumer Loan Products, teller, vault, safe deposit, processing and discussing and accepting credit applications and is required to provide leadership, training and support to less experienced staff members.
- Assures compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.
- South Bay residence preferred. Excellent benefits and fun work environment is included.
We’re always looking for talented professionals to join our friendly, community-based banking team. We invite you to send in your application today. If you don't see a current opening that fits your qualifications, submit your resume for future consideration.
We offer a range of competitive benefits including:
- Medical, Dental, and Vision Insurance
- Life, Short and Long Term Disability Insurance
- Flexible Spending Account
- 401(k) Plan with Employer Match
- Vacation and Sick Leave
Invest in a career where diversity makes a difference. Change your life and your community with a new career at Malaga Bank!
Please direct inquiries to:
Malaga Bank
Attn: HR Assistant
2514 Via Tejon
Palos Verdes Estates, CA 90274
Telephone 310-375-9000
Fax 310-378-4368
Apply Today! Complete an application and fax, email, or drop off at a branch near you. Please do not send any sensitive or confidential information through this email, such as account numbers or tax ID numbers. Allow up to 24 hours for a response.
Malaga Bank is an Equal Opportunity Employer.
Banking
If you would like to speak with a bank representative, please visit the locations page to find the phone number of a branch near you.
To report a lost or stolen Malaga Bank ATM or Debit Card, please call 24 hours a day, 7 days a week at 310-375-9000.
Loans
If you would like to speak with a loan officer, please visit the locations page for the phone number to our loan office.
Corporate Offices:
Malaga Bank FSB
2514 Via Tejon
Palos Verdes Estates, CA 90274
Telephone 310-375-9000
Fax 310-373-3615
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We want to hear from you! For general questions or comments please email malagabank@malagabank.com. Please do not send any sensitive or confidential information through this email, such as account numbers or tax ID numbers. Allow up to 24 hours for a response.