California Bank and Trust – Wikipedia

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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]

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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]

CB&T vision, mission & values[edit]

Vision: Creating California’s best banking relationships.

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Mission: We champion the people and businesses building California, through our team of knowledgeable bankers and custom financial solutions.

Corporate values:

  • Build lasting relationships
  • Strengthen our communities
  • Thrive as a diverse team
  • Act as owners

[14]

Corporate social responsibility[edit]

In 2012, California Bank & Trust was rated as “outstanding” by the FDIC for its performance under the Community Reinvestment Act (CRA)[15] and, in 2011, was a “preferred SBA lender” as designated by the Small Business Administration.[16]

In 2012, California Bank & Trust employees raised over $95,000 for the United Way[17] and $101,000 in 2013.[18] 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.[19]

In December 2018, CB&T donated $25,000 to the United Way in support of communities and individuals impacted by the Camp Fire in Northern California, and the Woolsey and Hill Fires in Southern California.[20]

In September 2019, CB&T presented a check in the amount of $10,000 to the Boys and Girls Club of Greater San Diego in support of the non-profit’s signature event – “An Evening of Changing Lives.”[21]

In August 2021, More than CB&T 115 employees participated in their first-ever “Give Day” – an event focused on the bank’s associates giving back to their communities through charitable acts and volunteerism. CB&T associates contributed to in-person and hands-on volunteer activities, including food sorting, mural painting and homebuilding. Additionally, all CB&T locations participated in donation collections.[22]

In November 2021, The Old Globe in San Diego, CA announced that CB&T has given more than $1 million to the theatre since 1987 and has been named an Extraordinary Leader, recognized in the Globe’s program book and with a paver on the Globe’s Copley Plaza.[23]

In June 2022, CB&T and its employees raised nearly $80,000 for its 2022 CB&T Giving Campaign. CB&T employees raised $60,000 for 92 non-profit organizations across California. An additional $20,000 corporate donation from CB&T was donated to organizations partnered with United Way.[24]

Honors and accolades[edit]

The bank has been recognized by Greenwich Associates, a leading global financial services research and consulting firm, which has awarded California Bank & Trust 18 Excellence and Best Brand Awards for small business and middle market banking as a part of Zions Bancorporation.[25] In addition, California Bank & Trust was voted San Diego’s “Best Bank” for 11 straight years and “Best Commercial Bank” for 8 years by The San Diego Union-Tribune Reader’s Poll.[25]The Orange County Register has also named California Bank & Trust as a winner of Best Bank in Orange County for 8 consecutive years and Best Home Loan Provider for the first year in the annual poll.[25]

References[edit]

  1. ^ “About Us”. California Bank & Trust.
  2. ^ “CALIFORNIA BANK & TRUST PROMOTES ERIC ELLINGSEN TO CEO”.
  3. ^ “CALIFORNIA BANK & TRUST INITIATES STATE-WIDE “GIVE DAY” DURING INAUGURAL FOUR-DAY VIRTUAL CONFERENCE”.
  4. ^ “Brand Story | California Bank & Trust”.
  5. ^ “Top 50 Holding Companies”. FFIEC.gov.
  6. ^ “About California Bank & Trust”. Calbanktrust.com. Archived from the original on 2012-08-18.
  7. ^ “Zions Bancorporation and Regency Bancorp Announce Merger Agreement”. PRNewsWire.com.
  8. ^ “Zions Bancorporation Completes Merger With Eldorado Bancshares, Inc”. PRNewsWire.com.
  9. ^ “California Bank and Trust, San Diego, CA, Acquires All of the Deposits of Alliance Bank, Culver City, CA”. FDIC.gov. Retrieved 6 February 2009.
  10. ^ “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.
  11. ^ “CALIFORNIA BANK & TRUST ACQUIRES ALLIANCE BANK”. Sec.gov. February 6, 2009.
  12. ^ https://www.calbanktrust.com/about/brand-story/
  13. ^ “Fast Facts about California Bank & Trust” (PDF). Archived from the original (PDF) on 2015-02-07.
  14. ^ About Us
  15. ^ “California Bank & Trust Awarded Outstanding FDIC Community Reinvestment Act (CRA) Rating”. Yahoo.com. Retrieved 29 February 2012.
  16. ^ “SBA Active Participating Lenders” (PDF). SBA.gov. Retrieved 29 December 2011.
  17. ^ “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.
  18. ^ “California Bank & Trust Raises More Than $100,000 to Help Local Communities”. Dailyfinance.com. January 24, 2013.
  19. ^ ““California Bank & Trust Debuts Initiative Focused on Minority and Women-Owned Businesses,” American Banker”. AmericanBanker.com. 11 April 2012. Retrieved 17 April 2012.
  20. ^ https://www.calbanktrust.com/about/newsroom/press-releases/california-bank-and-trust-donates-25000-to-support-communities-impacted-by-california-wildfires/ California Bank & Trust Donates $25,000 to Support Communities Impacted By California Wildfires
  21. ^ https://www.calbanktrust.com/about/newsroom/press-releases/CBT-celebrates-opening-o-escondido-branch/ California Bank & Trust Celebrates Opening Of Escondido Branch With Ceremony And Gift To Non-Profit
  22. ^ CALIFORNIA BANK & TRUST INITIATES STATE-WIDE “GIVE DAY” DURING INAUGURAL FOUR-DAY VIRTUAL CONFERENCE
  23. ^ California Bank & Trust Reaches Extraordinary Leader Status at The Old Globe,Surpassing More Than $1 Million in Contributions Since 1987
  24. ^ CALIFORNIA BANK & TRUST RAISES NEARLY $80,000 TO BENEFIT CALIFORNIA NON-PROFITS IN ANNUAL GIVING CAMPAIGN
  25. ^ a b c “Awards”.

External links[edit]

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