Desert Empire Bank

Status:Inactive as of 03/28/1980
 Merger - Without Assistance
Successor Bank:Commonwealth Bank
Headquarters:Desert Empire Bank
69036 Highway 111
Cathedral City, CA 92234
Established:10/01/1973
FDIC Insurance:10/01/1973
FDIC Cert:#21229
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC

History

1973-10-01Institution established: Original name:Desert Empire Bank
1980-03-28Merged into and subsequently operated as part of Commonwealth Bank (22026) in HAWTHORNE, CA
1982-04-29Acquired Pacific Coast Bank (20988) in SAN DIEGO, CA
1982-08-27Acquired Western National Bank (23308) in SANTA ANA, CA
1983-02-14Moved bank headquarters from HAWTHORNE, CA to TORRANCE, CA
1987-09-25Failed. Acquired with government financial assistance and subsequently operated as part of Capital Bank of California (23183)
1987-09-28Acquired Valley State Bank (22857) in VAN NUYS, CA
1993-06-18Failed. No active institution received any of its deposits or its assets.