Small Northern California thrift enters Valley market: Luther Burbank Savings has plans for two branches.

From: San Fernando Valley Business Journal | Date: September 3, 2007| Author: | Copyright information

Why would a bank from Santa Rosa, with branches in San Rafael and Palo Alto, want to enter a major metropolitan market like the San Fernando Valley?

Luther Burbank Savings opened its first branch office in Southern California in Encino on Aug. 13.

A second branch in Toluca Lake, in the space where Panda Express used to be at the corner of Riverside and Alameda, is planned for a December opening.

"We really feel we have something to offer that our competitors don't and that is a sense of security," said John Biggs, Luther Burbank COO. "In part the problems the big ...

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