Malaga Financial Corp

Detailed Description

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers. The company offers checking, savings, NOW, and money market accounts, as well as certificates of deposit and demand deposits. It also provides commercial real estate, land, business banking, consumer, personal, and investment property loans, as well as single and multi-family residential mortgage loans. In addition, the company offers coupon redemption, direct deposit, overdraft lines of credit, telephone transfers, U.S. savings bond redemption, and wire transfer services; and ATM and VISA debit cards, bank by mail, medallion signature guarantee, night depository, notary, safe deposit boxes, and trust deed note collection services. Further, it provides online banking services, including bill payer, e-statements, and mobile banking services. As of December 31, 2020, the company operated five offices in Palos Verdes Estates, Rolling Hills Estates, Torrance, and San Pedro, California. Malaga Financial Corporation was founded in 2002 and is headquartered in Palos Verdes Estates, California.