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The bank grew to become the 86th largest bank in the country with $1.2 billion in total assets. The bank failed in October 1973, at which time it was the largest bank failure in history, due to an excessive level of bad loans to Smith-controlled companies, which exceeded the bank's legal lending limit. [6]
A new Security Pacific Bank emerged in February 2005, the result of a name change by a bank formerly known as Network Bank USA and, prior to that, Golden Pacific Bank. The new Security Pacific Bank (which failed on November 7, 2008) [8] had no relation to Bank of America or the former Security Pacific National Bank, although it did use a ...
United States National Bank of San Diego (USNB) was a large California bank seized by the Federal Deposit Insurance Corporation (FDIC) in 1973 due to the malfeasance of its owner, C. Arnholt Smith (1899–1996). It was, at the time, the largest bank ever seized by the FDIC.
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San Diego Business Journal; San Diego City Beat; San Diego Jewish Journal; San Diego Magazine; San Diego Reader; San Diego Union-Tribune (acquired by Tribune Publishing) Times of San Diego; Retail. Le Travel Store (closed) Mor Furniture; Petco; PriceSmart; Sports. BikeBandit; BMC USA; Competitor Group, Inc. Ellsworth Handcrafted Bicycles ...
Great American Bank was an American savings and loan association based in San Diego. [1] It was founded in 1885 as San Diego Building and Loan Association, the first savings and loan in Southern California. [2] Until the 1980s, it operated as San Diego Federal Savings and Loan Association. Federal regulators seized and disbanded the bank in 1991.
The bank was founded in October 1999 [1] [4] as First Community Bancorp. In March 2002, it acquired Capital Bank of North County. [5] In April 2002, it acquired Upland Bank, with $108 million in assets. [6] In 2005, it acquired Glendora, California–based Foothill Independent Bancorp for $238 million. [7]
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