Palomar Community Bank

Status:Inactive as of 05/24/2002
 Merger - Without Assistance
Successor Bank:1st Centennial Bank
Headquarters:Palomar Community Bank
355 West Grand Avenue
Escondido, CA 92025
Established:06/19/1984
FDIC Insurance:06/19/1984
FDIC Cert:#32226
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$90,899,000
Total Deposits:$70,469,000

History

1984-06-19Institution established: Original name:North County Savings and Loan Association
1986-03-31Changed name to Palomar Savings and Loan Association
1999-11-04Changed organization type to COMMERCIAL BANK
1999-11-04Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
1999-11-04Changed name to Palomar Community Bank
2002-05-24Merged into and subsequently operated as part of Redlands Centennial Bank (33025) in REDLANDS, CA
2003-03-03Changed name to 1st Centennial Bank (33025)
2009-01-23Failed. Acquired with government financial assistance and subsequently operated as part of First California Bank (22819)
2010-11-05Acquired Western Commercial Bank (58087) in WOODLAND HILLS, CA as part of a government assisted transaction.
2011-02-18Acquired San Luis Trust Bank, FSB (34783) in SAN LUIS OBISPO, CA as part of a government assisted transaction.
2013-06-01Merged into and subsequently operated as part of Pacific Western Bank (24045) in LOS ANGELES, CA
2014-04-07Acquired CapitalSource Bank (58878) in LOS ANGELES, CA
2015-10-07Acquired Square 1 Bank (58021) in DURHAM, NC
2016-01-09Moved bank headquarters from LOS ANGELES, CA to BEVERLY HILLS, CA
2017-10-20Acquired California United Bank (57904) in LOS ANGELES, CA
2019-06-28Reorganized.

Financial Information (2001-12-31 and Older)