Commonwealth Bank
| Status: | Inactive as of 09/25/1987 |
| Absorption - Assisted | |
| Successor Bank: | Capital Bank of California |
| Headquarters: | Commonwealth Bank 3424 Carson Street Torrance, CA 90503 |
| Established: | 06/02/1975 |
| FDIC Insurance: | 06/02/1975 |
| FDIC Cert: | #22026 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $85,059,000 |
| Total Deposits: | $83,784,000 |
History
| 1975-06-02 | Institution established: Original name:Commonwealth Bank | |
| 1980-03-28 | Acquired Desert Empire Bank (21229) in CATHEDRAL CITY, CA | |
| 1982-04-29 | Acquired Pacific Coast Bank (20988) in SAN DIEGO, CA | |
| 1982-08-27 | Acquired Western National Bank (23308) in SANTA ANA, CA | |
| 1983-02-14 | Moved bank headquarters from HAWTHORNE, CA to TORRANCE, CA | |
| 1987-09-25 | Failed. Acquired with government financial assistance and subsequently operated as part of Capital Bank of California (23183) | |
| 1987-09-28 | Acquired Valley State Bank (22857) in VAN NUYS, CA | |
| 1993-06-18 | Failed. No active institution received any of its deposits or its assets. |