Mechanics National Bank

Status:Inactive as of 04/01/1994
 Absorption - Assisted
Successor Bank:California United Bank
Headquarters:Mechanics National Bank
15943 Paramount Boulevard
Paramount, CA 90723
Established:02/04/1965
FDIC Insurance:02/04/1965
FDIC Cert:#19367
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$148,713,000
Total Deposits:$148,881,000

History

1965-02-04Institution established: Original name:Mechanics National Bank
1980-01-29Moved bank headquarters from HUNTINGTON PARK, CA to PARAMOUNT, CA
1994-04-01Failed. Acquired with government financial assistance and subsequently operated as part of Home Bank (16945)
1994-07-15Acquired Bank of San Pedro (21922) in LOS ANGELES, CA as part of a government assisted transaction.
1995-11-15Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL RESERVE BOARD
1996-08-10Moved bank headquarters from PARAMOUNT, CA to LOS ANGELES, CA
1996-08-10Changed name to California United Bank (16945)
1996-08-10Acquired California United Bank, National Association (23783) in LOS ANGELES, CA
1998-08-14Merged into and subsequently operated as part of Pacific Century Bank, National Association (25049) in LOS ANGELES, CA
2001-12-28Merged into and subsequently operated as part of Bank of Hawaii (18053) in HONOLULU, HI
2002-02-22Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2003-01-01Acquired First Savings and Loan Association of America, F.S.A. (32241) in DEDEDO, GU

Financial Information (1993-12-31 and Older)