Bank of Newport

Status:Inactive as of 08/12/1994
 Absorption - Assisted
Successor Bank:Union Bank
Headquarters:Bank of Newport
2101 East Coast Highway
Newport Beach, CA 92660
Established:03/24/1972
FDIC Insurance:03/24/1972
FDIC Cert:#20637
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$167,802,000
Total Deposits:$161,785,000

History

1972-03-24Institution established: Original name:Bank of Newport
1994-08-12Failed. Acquired with government financial assistance and subsequently operated as part of Union Bank (17186)
1996-04-01Merged into and subsequently operated as part of Union Bank of California, National Association (22826) in SAN FRANCISCO, CA
1996-04-01Changed name to Union Bank of California, National Association (22826)
1996-04-01Moved bank headquarters from NEWPORT BEACH, CA to SAN FRANCISCO, CA
2002-05-13Acquired First Western Bank (23357) in SIMI VALLEY, CA
2002-10-31Acquired Valencia Bank & Trust (27091) in SANTA CLARITA, CA
2002-12-31Acquired COPPER MOUNTAIN TRUST CORPORATION (91103) in PORTLAND, OR
2003-07-01Reorganized.
2003-07-01Acquired Monterey Bay Bank (28271) in WATSONVILLE, CA
2004-01-16Acquired Business Bank of California (25070) in SAN BERNARDINO, CA
2004-10-28Acquired Jackson Federal Bank (28653) in FULLERTON, CA
2008-12-18Changed name to Union Bank, National Association (22826)
2009-09-24Acquired Texas First Bank - Winnie (18046) in DALLAS, TX
2010-04-16Acquired Tamalpais Bank (33493) in SAN RAFAEL, CA as part of a government assisted transaction.
2010-04-30Acquired Frontier Bank (22710) in EVERETT, WA as part of a government assisted transaction.
2012-12-03Acquired Santa Barbara Bank & Trust, National Association (18169) in SANTA BARBARA, CA
2014-07-01Changed name to MUFG Union Bank, National Association (22826)

Financial Information (1993-12-31 and Older)