Balboa Thrift and Loan Email Format

BankingCalifornia, United States51-200 Employees

Balboa Thrift and Loan is a mid-sized banking institution organized as a California Industrial Loan Company and based in Chula Vista, California. Founded in 1980, it was established to provide financial services to local businesses and consumers and has since expanded with branches in Claremont, La Quinta, and Fresno to serve nearby communities. The bank operates under the supervision of the Federal Deposit Insurance Corporation, which guarantees deposits up to $250,000 per depositor, and it is regulated by the FDIC.

It serves a regional customer base with deposits and lending products typical of a community bank, including services for both businesses and individuals. In 2018, Debbie Escobedo was promoted to president and chief executive officer, making her the institution's first female Latina leader. The organization maintains its branch network within California to support regional communities.

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