California Bank and Trust
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Banking |
| Founded | 1952 |
| Headquarters | San Diego, California[1] , United States |
Key people | Eric Ellingsen, President & CEO [2] |
| Total assets | $91 billion (2022) [3] |
| Parent | Zions Bancorporation |
| Website | www.calbanktrust.com |
California Bank & Trust (CB&T) is a full-service bank specializing in consumer, commercial and wealth management services headquartered in San Diego, California. With more than 80 branches[4] located throughout California, CB&T is a subsidiary of Zions Bancorporation, one of the nation's top 50 bank holding companies, with assets of approximately $91 billion.[5]
History[edit]
California Bank & Trust was created in October 1998 as the result of the merger of three institutions acquired separately by Zions Bancorporation: Sumitomo Bank of California, San Diego-based Grossmont Bank and First Pacific National Bank.[6]
The institution continued to grow with the acquisition of Fresno, California-based Regency Bank in 1999.[7] In 2001, the company expanded its footprint with the addition of Eldorado Bancshares, which included Eldorado's two subsidiaries, Eldorado Bank and Antelope Valley Bank.[8]
More recent acquisitions include Alliance Bank and Vineyard Bank, which were acquired when the Federal Deposit Insurance Corporation (FDIC) closed these institutions in 2009.[9][10] Through this transaction, California Bank & Trust acquired Alliance Bank's $951 million of deposits and $1.14 billion of assets, and up to $225 million of the sold bank's credits.[11]
Operations[edit]
California Bank & Trust operates through a network of more than 80 branches run through four administrative offices.[12] These include Irvine, Los Angeles, Oakland, and the bank's main headquarters in San Diego.[13]
References[edit]
- ^ "About Us". California Bank & Trust.
- ^ "California Bank & Trust promotes Eric Ellingsen to CEO | California Bank & Trust". Retrieved May 14, 2023.
- ^ "CALIFORNIA BANK & TRUST INITIATES STATE-WIDE "GIVE DAY" DURING INAUGURAL FOUR-DAY VIRTUAL CONFERENCE". Retrieved May 14, 2023.
- ^ "Brand Story | California Bank & Trust". Retrieved May 14, 2023.
- ^ "Top 50 Holding Companies". FFIEC.gov.
- ^ "About California Bank & Trust". Calbanktrust.com. Archived from the original on August 18, 2012.
- ^ "Zions Bancorporation and Regency Bancorp Announce Merger Agreement". PRNewsWire.com.
- ^ "California Bank and Trust, San Diego, CA, Acquires All of the Deposits of Alliance Bank, Culver City, CA". FDIC.gov. Retrieved February 6, 2009.
- ^ "California Bank & Trust, San Diego, California, Assumes All of the Deposits of Vineyard Bank, National Association, Rancho Cucamonga, California". FDIC.gov. Retrieved July 17, 2009.
- ^ "CALIFORNIA BANK & TRUST ACQUIRES ALLIANCE BANK". Sec.gov. February 6, 2009.
- ^ Brand Historycalbanktrust.com Archived January 20, 2021, at the Wayback Machine
- ^ "Fast Facts about California Bank & Trust" (PDF). Archived from the original (PDF) on February 7, 2015.