Cornerstone Bank, FSB

Status:Inactive as of 12/16/1994
 Absorption - Assisted
Successor Bank:California Federal Bank
Headquarters:Cornerstone Bank, FSB
27405 Puerta Real, Suite 100
Mission Viejo, CA 92691
Established:08/22/1985
FDIC Insurance:08/09/1989
FDIC Cert:#32374
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$44,345,000
Total Deposits:$38,410,000

History

1985-08-22Institution established: Original name:Cornerstone Savings and Loan Association
1990-01-31Changed name to Cornerstone Bank State Savings Bank
1992-05-01Changed name to Cornerstone Bank, FSB
1992-05-01Changed organization type to STOCK SAVINGS BANK
1994-12-16Failed. Acquired with government financial assistance and subsequently operated as part of California Federal Bank, A FSB (30278)
1995-03-31Acquired Los Angeles Thrift and Loan Company (33190) in LOS ANGELES, CA
1995-04-28Acquired Continental Savings of America, A Savings and Loan Association (31899) in SAN FRANCISCO, CA as part of a government assisted transaction.
1995-06-30Moved bank headquarters from MISSION VIEJO, CA to LOS ANGELES, CA
1995-07-28Acquired Pacific Heritage Bank (23319) in TORRANCE, CA as part of a government assisted transaction.
1996-10-19Acquired First Citizens Bank (26768) in LOS ANGELES, CA
1997-01-03Acquired First Nationwide Bank, FSB (32643) in DALLAS, TX
1998-09-11Acquired Glendale Federal Bank, Federal Savings Bank (29199) in GLENDALE, CA
1998-12-01Moved bank headquarters from LOS ANGELES, CA to SAN FRANCISCO, CA
2000-02-11Changed name to California Federal Bank (30278)
2002-11-13Merged into and subsequently operated as part of Citibank (West), FSB (57443) in SAN FRANCISCO, CA
2006-10-01Acquired Citibank (Delaware) (24029) in NEW CASTLE, DE
2006-10-01Acquired Citicorp Trust, National Association (26170) in LOS ANGELES, CA
2006-10-01Acquired CFSB, National Association (28251) in RESTON, VA
2006-10-01Acquired Citibank Texas, National Association (32623) in DALLAS, TX
2006-10-01Acquired West, National Association (57443) in SAN FRANCISCO, CA
2006-10-01Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2006-10-01Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2006-10-01Merged into and subsequently operated as part of Citibank, National Association (7213) in LAS VEGAS, NV
2006-10-01Changed organization type to COMMERCIAL BANK
2006-10-01Changed name to West, National Association (57443)
2008-11-23Maintained operations with government open bank assistance.
2011-07-01Moved bank headquarters from LAS VEGAS, NV to SIOUX FALLS, SD
2011-07-01Acquired Citibank (South Dakota), N.A. (23360) in SIOUX FALLS, SD
2012-01-01Acquired Citicorp Trust Bank, fsb (18708) in WILMINGTON, DE

Financial Information (1993-12-31 and Older)