The group's principal activity is to conduct banking and lending operations in southern California and surrounding states. It provides mortgage loan servicing operations nationwide through wilshire credit corporation and mortgage investment operations through wilshire funding corporation. Through its subsidiary, first bank of beverly hills, f.s.b. It conducts a banking business primarily on niche products, including the origination and acquisition of commercial and multi-family real estate loans, investments in residential whole loans and investments in primarily aaa-rated and government agency mortgage-backed securities.
