Los Padres Bank

Status:Inactive as of 08/20/2010
 Absorption - Assisted
Successor Bank:Banc of California
Headquarters:Los Padres Bank
610 Alamo Pintado Road
Solvang, CA 93463
Established:01/01/1982
FDIC Insurance:08/09/1989
FDIC Cert:#32165
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$866,459,000
Total Deposits:$770,899,000

History

1982-01-01Institution established: Original name:Santa Ynez Valley Savings and Loan Association
1987-02-28Changed name to Los Padres Savings Bank
1993-05-11Changed name to Los Padres Savings Bank, FSB
1993-05-11Changed organization type to STOCK SAVINGS BANK
1997-05-31Acquired US Community Savings Bank (32262) in ENCINITAS, CA
1998-03-31Changed name to LOS PADRES BANK
2010-08-20Failed. Acquired with government financial assistance and subsequently operated as part of Pacific Western Bank (24045)
2010-12-20Moved bank headquarters from SOLVANG, 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 (2010-06-30 and Older)