August 26, 2016 9:58 AM ET

Banks

Company Overview of California Bank & Trust

Company Overview

As of December 31, 2015, California Bank & Trust was acquired by ZB, National Association. California Bank & Trust provides personal and commercial banking services to corporations, small businesses, and individuals in California. It offers commercial banking products and services, including checking and savings accounts, certificates of deposit, and commercial online banking services; commercial financing and credit, such as commercial credit, business loans and leases, and SBA loans; treasury management services, including information services, liquidity solutions, payable solutions, receivable solutions, fraud protection services, and treasury management directory services; and internatio...

11622 El Camino Real

Suite 200

San Diego, CA 92130

United States

Founded in 1972

Phone:

858-793-7400

Fax:

858-793-7438

Key Executives for California Bank & Trust

California Bank & Trust does not have any Key Executives recorded.

California Bank & Trust Key Developments

California Bank & Trust Announces Management Changes

California Bank & Trust said CFO Eric Ellingsen will add the new titles on Jan. 1. Chief operating officer is a newly created position at the CB&T. The expanded role for Ellingsen will include oversight of small business and branch banking for San Diego and Northern California. That role had been covered by Tory Nixon, who resigned last month to pursue other opportunities. Nixon, who played cornerback for the San Francisco 49ers in the 1980s, had worked for CB&T since 2003. Ellingsen will also retain his role as head of corporate services, a division that includes treasury management, foreign exchange and trade finance. Separately, CB&T promoted David Bale to executive vice president with oversight of commercial banking offices in the San Diego region. Bale will also remain head of the bank's residential mortgage business.

California Bank & Trust Reports Earnings Results for the Nine Months Ended September 30, 2015

California Bank & Trust reported earnings results for the nine months ended September 30, 2015. For the nine months the company reported net income was $77.99 million, compared to $78.98 million for the same period ended September 30, 2014. Net interest income for the nine months ended September 30, 2015 was $291.79 million, compared to $313.10 million for the same period ended September 30, 2014. Income before income taxes for the nine months ended September 30, 2015 was $128.01 million, compared to $129.16 million for the same period ended September 30, 2014.

California Bank & Trust Reports Earnings Results for the Six Months Ended June 30, 2015

California Bank & Trust reported earnings results for the six months ended June 30, 2015. For the period, the company reported net income of $52.50 million compared to $48.71 million for the same period ended June 30, 2014. Net interest income was $196.25 million compared to $213.74 million for the same period ended June 30, 2014. Income before income taxes was $86.12 million compared to $79.80 million for the same period ended June 30, 2014.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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