California Bank & Trust (CB&T) is a full-service bank specializing in consumer, commercial, and wealth management services headquartered in

San Diego San Diego ( , ) is a city on the Pacific coast of Southern California, adjacent to the Mexico–United States border. With a population of over 1.4 million, it is the List of United States cities by population, eighth-most populous city in t ...

, California. With more than 80 branches located across California and assets totaling about $91 billion, CB&T is a subsidiary of

Zions Bancorporation Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texa ...

, one of the nation's top 50

bank holding companies A bank holding company is a Holding company, company that controls one or more banks, but does not necessarily engage in banking itself. The Compound (linguistics), compound bancorp (''banc''/''bank'' + ''corporation, corp

ration Rationing is the controlled distribution (marketing), distribution of scarcity, scarce resources, goods, services, or an artificial restriction of demand. Rationing controls the size of the ration, which is one's allowed portion of the resourc ...

') or banco ...

History

California Bank & Trust was created in October 1998 as the result of the merger of three institutions acquired separately by

: Sumitomo Bank of California, San Diego–based Grossmont Bank, and First Pacific National Bank. The institution continued to grow with the acquisition of

Fresno Fresno (; ) is a city in the San Joaquin Valley of California, United States. It is the county seat of Fresno County, California, Fresno County and the largest city in the greater Central Valley (California), Central Valley region. It covers a ...

, California–based Regency Bank in 1999. 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. Other acquisitions include Alliance Bank and Vineyard Bank, which were acquired when the

Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...

(FDIC) closed those institutions in 2009. Through this transaction, California Bank & Trust acquired Alliance Bank's $951 million of deposits and $1.14 billion of assets, and up to $225 million of the sold bank's credits. In June 2025, the bank marked a major expansion by acquiring four FirstBank branches in the

Coachella Valley The Coachella Valley ( ) is an arid rift valley in the Colorado Desert of Southern California in Riverside County. The valley has been referred to as Greater Palm Springs and occasionally the Palm Springs Area due to the historic promine ...

, growing to six branches overall.

Operations

California Bank & Trust operates through a network of more than 80 branches run through four administrative offices. The offices include Irvine,

Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

Oakland Oakland is a city in the East Bay region of the San Francisco Bay Area in the U.S. state of California. It is the county seat and most populous city in Alameda County, with a population of 440,646 in 2020. A major West Coast port, Oakland is ...

, and the bank's main headquarters in San Diego. In November 2024, the bank moved its Los Angeles office to the Aon Center, the third tallest building in the city.

References

{{reflist, 33em Banks based in California Banks based in Utah American companies established in 1998 Banks established in 1998 Companies based in San Diego 1998 establishments in California