Westcoast Savings and Loan Association

Status:Inactive as of 11/16/2001
 Merger - Without Assistance
Successor Bank:Affinity Bank
Headquarters:Westcoast Savings and Loan Association
3020 Old Ranch Parkway, Suite 170
Seal Beach, CA 90740
Established:12/12/1985
FDIC Insurance:08/09/1989
FDIC Cert:#32424
Charter Class:
Total Assets:$183,541,000
Total Deposits:$116,122,000

History

1985-12-12Institution established: Original name:Westcoast Savings and Loan Association
1990-07-01Moved bank headquarters from PACIFIC PALISADES, CA to MARINA DEL REY, CA
1994-04-01Moved bank headquarters from MARINA DEL REY, CA to PACIFIC PALISADES, CA
1998-09-18Moved bank headquarters from PACIFIC PALISADES, CA to SEAL BEACH, CA
2001-11-16Merged into and subsequently operated as part of Affinity Bank (27197) in VENTURA, CA
2004-10-14Changed organization type to COMMERCIAL BANK
2009-08-28Failed. Acquired with government financial assistance and subsequently operated as part of Pacific Western Bank (24045)
2010-08-20Acquired Los Padres Bank (32165) in SOLVANG, CA as part of a government assisted transaction.
2010-12-20Moved bank headquarters from VENTURA, 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 (2000-12-31 and Older)