Spectrum Bank

Status:Inactive as of 07/03/2008
 Merger - Without Assistance
Successor Bank:Professional Business Bank
Headquarters:Spectrum Bank
15615 Alton Parkway
Irvine, CA 92618
Established:05/02/1955
FDIC Insurance:05/02/1955
FDIC Cert:#17433
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$177,670,000
Total Deposits:$135,614,000

History

1955-05-02Institution established: Original name:Garfield Bank
1997-10-31Changed name to Spectrum Bank
2006-06-22Moved bank headquarters from MONTEBELLO, CA to IRVINE, CA
2006-10-13Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2006-10-13Changed primary regulatory agency from FEDERAL RESERVE BOARD to FEDERAL DEPOSIT INSURANCE CORPORATION
2008-07-03Merged into and subsequently operated as part of Professional Business Bank (57148) in PASADENA, CA
2010-12-31Changed name to Professional Business Bank (58674)
2010-12-31Merged into and subsequently operated as part of Professional Business Bank (58674) in PASADENA, CA
2012-05-31Reorganized.
2012-06-01Merged into and subsequently operated as part of Bank of Manhattan, N.A. (58568) in EL SEGUNDO, CA
2015-06-26Merged into and subsequently operated as part of Plaza Bank (58100) in IRVINE, CA
2017-11-01Merged into and subsequently operated as part of Pacific Premier Bank (32172) in IRVINE, CA
2018-07-01Acquired Grandpoint Bank (58390) in LOS ANGELES, CA
2020-06-01Acquired Opus Bank (33806) in IRVINE, CA

Financial Information (2008-06-30 and Older)