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
1973-10-01 | Institution established: Original name:Desert Empire Bank | |
1980-03-28 | Merged into and subsequently operated as part of Commonwealth Bank (22026) in HAWTHORNE, 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. |