California Bank and Trust
 | |
| Subsidiary | |
| Industry | Banking |
| Founded | 1998 |
Key people | David Blackford, President, CEO & Chairman[1] |
| Total assets | $11 billion (2014)[1] |
| Parent | Zions Bancorporation |
| Website | www.calbanktrust.com |
California Bank & Trust (CB&T) is a full-service bank specializing in business banking and headquartered in San Diego, California. With assets of more than $11 billion and more than 100 branches[1] located throughout California, CB&T is a subsidiary of Zions Bancorporation, one of the nation’s top 50 bank holding companies with assets of more than $50 billion.[2]
History
California Bank & Trust was created in October 1998 as the result of the merger of three institutions acquired separately by Zions Bancorporation. These include Sumitomo Bank of California, San Diego-based Grossmont Bank and First Pacific National Bank.[3]
The institution continued to grow with the acquisition of Fresno, California-based Regency Bank in 1999.[4] 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.[5]
More recent acquisitions include Alliance Bank and Vineyard Bank, which were acquired when the Federal Deposit Insurance Corporation (FDIC) closed these institutions in 2009.[6][7] Through this transaction, California Bank & Trust acquires Alliance Bank's $951 millions of deposits and $1.14 billion of assets, and up to $225 millions of the sold bank's credits.[8] With Alliance Bank, California Bank & Trust acquires $1.4 billion in loans and $1.5 billion of deposits.[9]
Operations
California Bank & Trust has nearly 1,700 employees and operates through a network of 102 branches run through four administrative offices. These include Irvine, Los Angeles, Oakland, and the bank’s main headquarters in San Diego.[1]
Corporate social responsibility
In 2012, California Bank & Trust is rated as “outstanding” by the FDIC for its performance under the Community Reinvestment Act (CRA)[10] and is a “preferred SBA lender“ as designated by the Small Business Administration.[11]
In 2012, California Bank & Trust employees raised over $95,000 for the United Way[12] and $101,000 in 2013.[13] In April 2012, CB&T announced a new business financing initiative focused on minority and women-owned businesses in California called TEAM (Tools, Education, Access and Mentoring). The initiative was launched in affiliation with Latina Style, Inc. and the Anna Maria Arias Foundation, a foundation working to ensure the growth, reach and impact of Latina entrepreneurs by providing programs, services and resources that help Latinas establish successful businesses.[14]
Honors and accolades
The bank has been recognized by Greenwich Associates, a leading global financial services research and consulting firm, which has awarded California Bank & Trust 13 Excellence Awards for small business and middle market banking as a part of Zions Bancorporation.[15] In addition, California Bank & Trust was voted San Diego’s Best Bank in 2011 and in 2012 in the annual San Diego Union-Tribune readers’ poll.[16][17]
Holdups
California Bank and Trust has been the target of several holdups throughout its branches.
- In December 2013, a man walked in the Kearny Mesa location, handed a note to the teller demanding money, and left with the stolen money.[18]
- In March 2015, a man walked in the Dana Point location, handed a note to the teller saying he had a handgun, and walked out with the stolen money.[19] This holdup has been linked to four others that took place in California.[20]
- In April 2015, a masked man walked in the Center Valley branch with his hand in the pocket as if he had a gun, but fled before grabbing any money.[21]
References
- 1 2 3 4 "Fast Facts about California Bank & Trust" (PDF). Retrieved February 2015.
- ↑ "Top 50 Holding Companies". FFIEC.gov.
- ↑ "About California Bank & Trust". Calbanktrust.com. Archived from the original on 2012-08-18.
- ↑ "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 6 February 2009.
- ↑ "California Bank & Trust, San Diego, California, Assumes All of the Deposits of Vineyard Bank, National Association, Rancho Cucamonga, California". FDIC.gov. Retrieved 17 July 2009.
- ↑ "CALIFORNIA BANK & TRUST ACQUIRES ALLIANCE BANK". Sec.gov. February 6, 2009.
- ↑ "California Bank & Trust Acquires Assets and Deposits of Vineyard Bank". Bloomberg.com. July 18, 2009.
- ↑ "California Bank & Trust Awarded Outstanding FDIC Community Reinvestment Act (CRA) Rating". Yahoo.com. Retrieved 29 February 2012.
- ↑ "SBA Active Participating Lenders" (PDF). SBA.gov. Retrieved 29 December 2011.
- ↑
- ↑ "California Bank & Trust Raises More Than $100,000 to Help Local Communities". Dailyfinance.com. January 24, 2013.
- ↑ ""California Bank & Trust Debuts Initiative Focused on Minority and Women-Owned Businesses," American Banker". AmericanBanker.com. Retrieved 17 April 2012.
- ↑ "Awards and Accolades". Calbanktrust.com. Archived from the original on 2009-09-16. Retrieved 2008.
- ↑ "San Diego's Best 2011". UTSanDiego.com. Retrieved 2011.
- ↑ "San Diego's Best 2012". UTSanDiego.com. Retrieved 2012.
- ↑ "Police: Man robs California Bank and Trust in Kearny Mesa with a note". 10news.com. 26 December 2013.
- ↑ John Schreiber (20 March 2015). "California Bank and Trust branch robbed in Dana Point". Mynewsla.com.
- ↑ "Retired LAPD detective dubbed "Snowbird Bandit" arrested in Calif. bank robberies". Cbsnews.com. 23 July 2015.
- ↑ "Man who attempted to rob bank sought by police". Fox5sandiego.com. 6 April 2015.