Cedars Bank

Status:Inactive as of 01/04/2006
 Merger - Without Assistance
Successor Bank:Banc of California
Headquarters:Cedars Bank
444 South Flower Street
Los Angeles, CA 90071
Established:10/05/1987
FDIC Insurance:10/05/1987
FDIC Cert:#27069
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$438,173,000
Total Deposits:$366,665,000

History

1987-10-05Institution established: Original name:Bank Audi (California)
1995-07-06Changed name to Cedars Bank
2006-01-04Merged into and subsequently operated as part of Pacific Western National Bank (24045) in SANTA MONICA, CA
2006-05-10Acquired Foothill Independent Bank (21104) in GLENDORA, CA
2006-09-13Changed name to Pacific Western Bank (24045)
2006-09-13Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2006-10-26Acquired First National Bank (23743) in RANCHO SANTA FE, CA
2006-10-26Acquired Community National Bank (26426) in ESCONDIDO, CA
2006-10-26Moved bank headquarters from SANTA MONICA, CA to SAN DIEGO, 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 (2005-12-31 and Older)