Bank holding company offering consumer and commercial banking products and services.
Luther Burbank Corporation serves as a prominent bank holding company overseeing Luther Burbank Savings, which caters extensively to real estate investors, professionals, entrepreneurs, depositors, and commercial businesses. Established in 1983 and headquartered in Santa Rosa, California, the corporation offers a diverse range of banking products and services tailored to meet the specific needs of its clientele. This includes interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts designed to optimize liquidity management and financial flexibility.
Central to Luther Burbank Corporation's offerings are its robust lending solutions, particularly in commercial real estate. The company provides first mortgage loans for multifamily residential properties, supporting acquisitions, refinancing, and tenant improvement projects. Additionally, it offers financing for office, retail, and light industrial properties, alongside single-family residential loans. Luther Burbank Corporation distinguishes itself with a portfolio of 30-year fixed-rate first mortgages and forgivable second mortgages, aiming to enhance accessibility and affordability for borrowers.
Complementing its banking services, Luther Burbank Corporation provides modern conveniences such as ATM access, debit cards, online and mobile banking platforms, ensuring seamless financial transactions for its customer base. The corporation also extends its expertise through real estate investment services and issues trust preferred securities, further solidifying its role as a comprehensive financial partner. With a network spanning multiple locations in California, Washington, and Oregon, Luther Burbank Corporation continues to expand its reach while upholding a commitment to excellence in banking and customer service.