SBIC Bank is a California state-chartered, FDIC-insured bank and a wholly owned subsidiary of State Bank of India, India's largest bank, with over 200 years of history and a presence in 36 countries. Founded in 1982 and headquartered in Downtown Los Angeles, SBIC Bank operates independently in the United States. We bring the strength of the SBI name to the U.S. as a separate entity, offering secure, convenient personal and business banking. From savings to international transfers, we provide financial solutions that fit your needs.
Founded in 1982 as a California state-chartered bank under the Department of Financial Institutions in Los Angeles. For over four decades, SBIC Bank has served individuals and businesses across California and beyond.
We offer a wide range of personal and business banking services to cater to your needs:
At SBIC Bank, we are committed to our employees, our clients and the communities we serve.
SBIC Bank is committed to creating a better and brighter future for everyone in the communities we serve through dedicated efforts in our partnerships and relationships. We also have initiatives in education, housing, and economic empowerment for the communities we serve.
SBIC Bank’s philosophy is rooted in three pillars: our clients, our team members, and our communities. We believe in fostering relationships built on trust and delivering value through personalized solutions.
Guided by our core principles, SBIC Bank believes in empowering people to bank better.
To empower individuals and businesses by delivering personalized banking solutions that prioritize trust, convenience, and inclusivity. We strive to be the go-to bank for diverse and multiethnic communities throughout California and beyond.
To build lasting relationships through innovative financial solutions that respect the diversity, culture, and aspirations of every customer we serve.
Our leadership team brings decades of banking expertise, ensuring:
SBIC Bank is a proud subsidiary of State Bank of India (SBI), a Fortune 500 company, India's largest bank, and one of the most recognized financial institutions in the world. State Bank of India operates more than 22,500 branches across India and maintains a presence in 36 countries through 190 offices worldwide. As an SBI subsidiary, SBIC Bank benefits from that global heritage while operating as a fully independent U.S. institution, regulated by California state law and insured by the FDIC. Customers banking with SBIC Bank receive the security and trust of the SBI network alongside the protections of U.S. banking: the best of both.
Visit SBI's homepage to learn more.
Need help or have questions about our personal and business banking solutions? We are here for you!
Click here to find an SBIC Bank branch near you.
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Explore our full suite of financial products
Checking and savings accounts designed for every stage of your financial life.
Checking, savings, lending, and treasury solutions for California businesses.
Experience a bank that truly understands your needs. Whether you are looking for personal solutions or business banking, SBIC is here to help you thrive.
*SBIC Bank is a member FDIC, which means your accounts are insured up to $250,000 per depositor, per FDIC insured bank, for each account ownership category. FDIC insurance is backed by the full faith and credit of the United States government.
*Terms and Conditions may apply. An Account with SBIC is required to send a remittance. For accounts opened online, the online and mobile remittance limit is $25,000.00 per day and $50,000.00 per month. For accounts opened at one of our branches, fees may apply. The mobile limit is $25,000.00 per day and $50,000.00 per month, and online limit is $50,000.00 per day. Same Day Processing means typically within 24 hours, excluding weekends and holidays. Online remittances above $50,000.00 may take up to 1 to 2 additional business days to receive credit in beneficiary account. The Bank considers "per day" from 12:00:00 AM PST to 11:59:59 PM PST on the same calendar day and considers "per month" as any 30 consecutive days. Bangladeshi Taka (BDT) remittances are not included in any of our current promotions. SBIC makes money when it converts one currency to another for you. The exchange rate provided to you is set by SBIC Bank in its sole discretion, and it includes a markup. SendMoneyEZ is a registered trademark of SBIC Bank.
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