Southern Pacific Bank
| Status: | Inactive as of 02/07/2003 |
| Absorption - Assisted | |
| Successor Bank: | Beal Bank |
| Headquarters: | Southern Pacific Bank 23530 Hawthorne Boulevard, Suite 200 Torrance, CA 90505 |
| Established: | 03/01/1982 |
| FDIC Insurance: | 11/05/1987 |
| FDIC Cert: | #27094 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $904,294,000 |
| Total Deposits: | $864,160,000 |
History
| 1982-03-01 | Institution established but was not FDIC insured. Original name: Southern Pacific Thrift and Loan Association | |
| 1987-03-01 | Moved bank headquarters from LONG BEACH, CA to BEVERLY HILLS, CA | |
| 1987-11-05 | Became FDIC insured. | |
| 1988-04-15 | Acquired Colonial Thrift and Loan Association (26701) in CULVER CITY, CA | |
| 1988-09-01 | Moved bank headquarters from BEVERLY HILLS, CA to CULVER CITY, CA | |
| 1994-04-04 | Moved bank headquarters from CULVER CITY, CA to LOS ANGELES, CA | |
| 1997-09-16 | Changed name to Southern Pacific Bank | |
| 2000-02-22 | Moved bank headquarters from LOS ANGELES, CA to TORRANCE, CA | |
| 2003-02-07 | Failed. Acquired with government financial assistance and subsequently operated as part of Beal Bank, s.s.b. (32574) | |
| 2005-05-26 | Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED | |
| 2008-02-04 | Changed institution class to OCC SUPERVISED SAVINGS BANKS | |
| 2008-02-04 | Changed name to Beal Bank (32574) | |
| 2008-02-04 | Changed primary regulatory agency from STATE to OFFICE OF THRIFT SUPERVISION | |
| 2009-12-18 | Acquired New South Federal Savings Bank (32276) in IRONDALE, AL as part of a government assisted transaction. | |
| 2010-01-31 | Changed institution class to FDIC SUPERVISED SAVINGS BANK | |
| 2010-01-31 | Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION | |
| 2010-01-31 | Changed name to Beal Bank, SSB (32574) | |
| 2011-10-14 | Acquired Charter Bank (59030) in ALBUQUERQUE, NM | |
| 2020-12-15 | Changed name to Beal Bank. | |
| 2020-12-15 | Changed Bank Class to NM. | |
| 2020-12-15 | Changed Organization Type to COMMERCIAL BANK. |