California Bank and Trust

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California Bank & Trust
Industry Banking
Founded 1998 (1998)
Key people
David Blackford, President, CEO & Chairman[1]
Total assets $11 billion (2014)[1]
Parent Zions Bancorporation

California Bank & Trust (CB&T) is a full-service bank specializing in business banking and headquartered in San Diego, California. With assets of more than $11 billion and more than 100 branches[1] located throughout California, CB&T is a subsidiary of Zions Bancorporation, one of the nation’s top 50 bank holding companies with assets of more than $50 billion.[2]


California Bank & Trust was created in October 1998 as the result of the merger of three institutions acquired separately by Zions Bancorporation. These include Sumitomo Bank of California, San Diego-based Grossmont Bank and First Pacific National Bank.[3]

The institution continued to grow with the acquisition of Fresno, California-based Regency Bank in 1999.[4] In 2001, the company expanded its footprint with the addition of Eldorado Bancshares, which included Eldorado’s two subsidiaries, Eldorado Bank and Antelope Valley Bank.[5]

More recent acquisitions include Alliance Bank and Vineyard Bank, which were acquired when the Federal Deposit Insurance Corporation (FDIC) closed these institutions in 2009.[6][7] Through this transaction, California Bank & Trust acquires Alliance Bank's $951 millions of deposits and $1.14 billion of assets, and up to $225 millions of the sold bank's credits.[8] With Alliance Bank, California Bank & Trust acquires $1.4 billion in loans and $1.5 billion of deposits.[9]


California Bank and Trust building in Long Beach, California

California Bank & Trust has nearly 1,700 employees and operates through a network of 102 branches run through four administrative offices. These include Irvine, Los Angeles, Oakland, and the bank’s main headquarters in San Diego.[1]

Corporate Social Responsibility[edit]

In 2012, California Bank & Trust is rated as “outstanding” by the FDIC for its performance under the Community Reinvestment Act (CRA)[10] and is a “preferred SBA lender“ as designated by the Small Business Administration.[11]

In 2012, California Bank & Trust employees raised over $95,000 for the United Way[12] and $101,000 in 2013.[13] In April 2012, CB&T announced a new business financing initiative focused on minority and women-owned businesses in California called TEAM (Tools, Education, Access and Mentoring). The initiative was launched in affiliation with Latina Style, Inc. and the Anna Maria Arias Foundation, a foundation working to ensure the growth, reach and impact of Latina entrepreneurs by providing programs, services and resources that help Latinas establish successful businesses.[14]

Honors and accolades[edit]

The bank has been recognized by Greenwich Associates, a leading global financial services research and consulting firm, which has awarded California Bank & Trust 13 Excellence Awards for small business and middle market banking as a part of Zions Bancorporation.[15] In addition, California Bank & Trust was voted San Diego’s Best Bank in 2011 and in 2012 in the annual San Diego Union-Tribune readers’ poll.[16][17]


  1. ^ a b c d "Fast Facts about California Bank & Trust". Retrieved February 2015. 
  2. ^ "Top 50 Holding Companies". 
  3. ^ "About California Bank & Trust". Archived from the original on 2012-08-18. 
  4. ^ "Zions Bancorporation and Regency Bancorp Announce Merger Agreement". 
  5. ^ "Zions Bancorporation Completes Merger With Eldorado Bancshares, Inc.". 
  6. ^ "California Bank and Trust, San Diego, CA, Acquires All of the Deposits of Alliance Bank, Culver City, CA". Retrieved 6 February 2009. 
  7. ^ "California Bank & Trust, San Diego, California, Assumes All of the Deposits of Vineyard Bank, National Association, Rancho Cucamonga, California". Retrieved 17 July 2009. 
  9. ^ "California Bank & Trust Acquires Assets and Deposits of Vineyard Bank". July 18, 2009. 
  10. ^ "California Bank & Trust Awarded Outstanding FDIC Community Reinvestment Act (CRA) Rating". Retrieved 29 February 2012. 
  11. ^ "SBA Active Participating Lenders". Retrieved 29 December 2011. 
  12. ^ [dead link]
  13. ^ "California Bank & Trust Raises More Than $100,000 to Help Local Communities". January 24, 2013. 
  14. ^ ""California Bank & Trust Debuts Initiative Focused on Minority and Women-Owned Businesses," American Banker". Retrieved 17 April 2012. 
  15. ^ "Awards and Accolades". Archived from the original on 2009-09-16. Retrieved 2008. 
  16. ^ "San Diego's Best 2011". Retrieved 2011. 
  17. ^ "San Diego's Best 2012". Retrieved 2012. 

External links[edit]