Palos Verdes National Bank

Status:Inactive as of 05/20/1993
 Absorption - Assisted
Successor Bank:Opus Bank
Headquarters:Palos Verdes National Bank
395 Silver Spur Road
Palos Verdes Peninsula, CA 90274
Established:04/19/1982
FDIC Insurance:04/19/1982
FDIC Cert:#23796
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$45,633,000
Total Deposits:$47,775,000

History

1982-04-19Institution established: Original name:Palos Verdes National Bank
1993-05-20Failed. Acquired with government financial assistance and subsequently operated as part of Peninsula Bank, National Association (33806)
1993-05-20Institution established: Original name:Peninsula Bank, National Association (33806)
1993-06-01Changed name to Peninsula National Bank (33806)
1995-11-30Changed name to Bay Cities National Bank (33806)
1995-11-30Acquired Bay Cities National Bank (24003) in REDONDO BEACH, CA
1995-11-30Moved bank headquarters from ROLLING HILLS ESTATES, CA to REDONDO BEACH, CA
2010-09-30Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2010-09-30Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION
2010-09-30Changed name to Opus Bank (33806)
2011-06-30Acquired Cascade Bank (28823) in EVERETT, WA
2011-10-31Moved bank headquarters from REDONDO BEACH, CA to IRVINE, CA
2011-10-31Acquired Fullerton Community Bank, FSB (28449) in FULLERTON, CA
2020-06-01Merged into and subsequently operated as part of Pacific Premier Bank (32172) in Irvine, CA

Financial Information (1992-12-31 and Older)