California Bank and Trust

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]

California Bank & Trust
TypeSubsidiary
IndustryBanking
Founded1998 (1998)
Headquarters
San Diego, California[1]
,
United States
Key people
David Blackford, President, CEO & Chairman[1]
Total assets$11 billion (2014)[1]
Number of employees
1700[1] (2012)
ParentZions Bancorporation
Websitewww.calbanktrust.com

History

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.[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 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.[8]

Operations
California Bank and Trust building in Long Beach, California

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 was rated as "outstanding" by the FDIC for its performance under the Community Reinvestment Act (CRA)[9] and, in 2011, was a "preferred SBA lender" as designated by the Small Business Administration.[10]

In 2012, California Bank & Trust employees raised over $95,000 for the United Way[11] and $101,000 in 2013.[12] 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.[13]

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.[14] 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.[15][16]

Holdups

California Bank and Trust has been the target of several holdups at its branches.

  • In December 2013, a man walked into the Kearny Mesa location, handed a note to the teller demanding money, and left with the stolen money.[17]
  • In March 2015, a man walked into the Dana Point location, handed a note to the teller saying he had a handgun, and walked out with the stolen money.[18] This holdup has been linked to four others that took place in California.[19]
  • In April 2015, a masked man walked into the Center Valley branch with his hand in his pocket as if he had a gun, but fled before grabbing any money.[20]

References
  1. "Fast Facts about California Bank & Trust" (PDF). Archived from the original (PDF) on 2015-02-07.
  2. "Top 50 Holding Companies". FFIEC.gov.
  3. "About California Bank & Trust". Calbanktrust.com. Archived from the original on 2012-08-18.
  4. "Zions Bancorporation and Regency Bancorp Announce Merger Agreement". PRNewsWire.com.
  5. "Zions Bancorporation Completes Merger With Eldorado Bancshares, Inc". PRNewsWire.com.
  6. "California Bank and Trust, San Diego, CA, Acquires All of the Deposits of Alliance Bank, Culver City, CA". FDIC.gov. Retrieved 6 February 2009.
  7. "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.
  8. "CALIFORNIA BANK & TRUST ACQUIRES ALLIANCE BANK". Sec.gov. February 6, 2009.
  9. "California Bank & Trust Awarded Outstanding FDIC Community Reinvestment Act (CRA) Rating". Yahoo.com. Retrieved 29 February 2012.
  10. "SBA Active Participating Lenders" (PDF). SBA.gov. Retrieved 29 December 2011.
  11. "California Bank & Trust Employees Raise Over $95,000 for the United Way". WSJ.com. Archived from the original on 2013-02-17. Retrieved 25 January 2012.
  12. "California Bank & Trust Raises More Than $100,000 to Help Local Communities". Dailyfinance.com. January 24, 2013.
  13. ""California Bank & Trust Debuts Initiative Focused on Minority and Women-Owned Businesses," American Banker". AmericanBanker.com. Retrieved 17 April 2012.
  14. "Awards and Accolades". Calbanktrust.com. Archived from the original on 2009-09-16.
  15. "San Diego's Best 2011". UTSanDiego.com.
  16. "San Diego's Best 2012". UTSanDiego.com.
  17. "Police: Man robs California Bank and Trust in Kearny Mesa with a note". 10news.com. 26 December 2013.
  18. John Schreiber (20 March 2015). "California Bank and Trust branch robbed in Dana Point". Mynewsla.com.
  19. "Retired LAPD detective dubbed "Snowbird Bandit" arrested in Calif. bank robberies". Cbsnews.com. 23 July 2015.
  20. "Man who attempted to rob bank sought by police". Fox5sandiego.com. 6 April 2015.
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