Borrego Springs Bank

Status:Inactive as of 03/01/2013
 Merger - Without Assistance
Successor Bank:Sterling Savings Bank
Headquarters:Borrego Springs Bank
7777 Alvarado Road, Suite 515
La Mesa, CA 91942
Established:11/01/1982
FDIC Insurance:11/01/1982
FDIC Cert:#24080
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$141,708,000
Total Deposits:$121,075,000

History

1982-11-01Institution established: Original name:Borrego Springs Bank
1996-12-24Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to COMPTROLLER OF THE CURRENCY
1996-12-24Changed name to Borrego Springs Bank, National Association
2005-05-12Moved bank headquarters from BORREGO SPRINGS, CA to LA MESA, CA
2013-03-01Merged into and subsequently operated as part of Sterling Savings Bank (32158) in SPOKANE, WA
2013-10-01Acquired Commerce National Bank (57566) in NEWPORT BEACH, CA
2014-04-18Merged into and subsequently operated as part of Umpqua Bank (17266) in ROSEBURG, OR

Financial Information (2012-12-31 and Older)