California Bank & Trust (CB&T) (www.calbanktrust.com)
is pleased to announce that it has completed the conversion of the
former Vineyard Bank accounts and branch locations into California Bank
& Trust. More than 31,000 loan and deposit accounts have been fully
integrated into the California Bank & Trust banking system. California
Bank & Trust acquired the deposits and loans of Vineyard Bank from the
Federal Deposit Insurance Corporation on July 17, 2009.
“The conversion of Vineyard Bank branches and accounts to California
Bank & Trust went very smoothly. We look forward to working with our new
customers and providing them with quality financial products, excellent
customer service as well as the strength and security of a sound
financial institution,” said Frank Lee, executive vice president of the
retail business banking division at California Bank & Trust.
In addition to the 13 new full-service branches now available as a
result of the conversion, former Vineyard Bank business customers will
now have access to time saving cash management products like California
Bank & Trust’s Remote Deposit. Remote Deposit enables a business to scan
paper checks directly from the office and transmit those images to the
bank via a secure internet connection. This and many other business
banking-focused products are the hallmark of the financial services
California Bank & Trust delivers on a daily basis.
With the completion of the Vineyard Bank conversion, California Bank &
Trust now has 113 branches within the state of California, which include
newly converted branches in San Rafael, Rancho Cucamonga, Diamond Bar,
La Verne, Corona, Irwindale, Chino, San Dimas, Lake Arrowhead, Covina,
Upland, Walnut and Crestline.
About California Bank & Trust
California Bank & Trust, a subsidiary of Zions Bancorporation
(NASDAQ:ZION), is one of the largest banks headquartered in California
with over $10 billion in assets and more than 100 branches statewide.
With local management and decision-making with an emphasis on
relationship banking, CB&T provides financial solutions for businesses
and individuals, that includes commercial as well as small business
lending, cash management, international banking, wealth management, and
online banking. Learn more at www.calbanktrust.com.
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