First American Bank

Status:Inactive as of 08/12/2005
 Merger - Without Assistance
Successor Bank:Banc of California
Headquarters:First American Bank
8941 East Valley Boulevard
Rosemead, CA 91770
Established:02/15/1983
FDIC Insurance:02/15/1983
FDIC Cert:#24308
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$238,604,000
Total Deposits:$201,381,000

History

1983-02-15Institution established: Original name:First American Bank
1987-05-18Acquired First Arroyo Bank (24028) in SOUTH PASADENA, CA
1989-09-22Acquired First California Savings, FSA (32560) in ORANGE, CA
2005-08-12Merged into and subsequently operated as part of Pacific Western National Bank (24045) in SANTA MONICA, CA
2005-10-07Acquired Pacific Liberty Bank (34817) in HUNTINGTON BEACH, CA
2006-01-04Acquired Cedars Bank (27069) in LOS ANGELES, CA
2006-05-10Acquired Foothill Independent Bank (21104) in GLENDORA, CA
2006-09-13Changed name to Pacific Western Bank (24045)
2006-09-13Changed primary regulatory agency from FEDERAL RESERVE BOARD to FEDERAL DEPOSIT INSURANCE CORPORATION
2006-09-13Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2006-10-26Moved bank headquarters from SANTA MONICA, CA to SAN DIEGO, CA
2006-10-26Acquired First National Bank (23743) in RANCHO SANTA FE, CA
2006-10-26Acquired Community National Bank (26426) in ESCONDIDO, CA
2008-11-07Acquired Security Pacific Bank (23595) in LOS ANGELES, CA as part of a government assisted transaction.
2009-08-28Acquired Affinity Bank (27197) in VENTURA, CA as part of a government assisted transaction.
2010-08-20Acquired Los Padres Bank (32165) in SOLVANG, CA as part of a government assisted transaction.
2010-12-20Moved bank headquarters from SAN DIEGO, CA to LOS ANGELES, CA
2012-08-01Acquired American Perspective Bank (58614) in SAN LUIS OBISPO, CA
2013-06-01Acquired First California Bank (22819) in WESTLAKE VILLAGE, CA
2014-04-07Acquired CapitalSource Bank (58878) in LOS ANGELES, CA
2015-10-07Acquired Square 1 Bank (58021) in DURHAM, NC
2016-01-09Moved bank headquarters from LOS ANGELES, CA to BEVERLY HILLS, CA
2017-10-20Acquired California United Bank (57904) in LOS ANGELES, CA
2019-06-28Reorganized.

Financial Information (2005-06-30 and Older)