Who took over Seafirst bank?
Bank of America Corporation
Seafirst Bank
| Trade name | Seafirst Bank |
|---|---|
| Fate | Merged into the new Bank of America Corporation |
| Successor | Bank of America Corporation |
| Headquarters | Seattle, Washington |
| Area served | Washington |
Why did Security Pacific Bank close?
(San Francisco, CA) – California Department of Financial Institutions (DFI) announced today that regulators have closed Security Pacific Bank, citing inadequate capital. The DFI has been closely monitoring the bank and had ordered it to increase its capital reserves to a safe and sound level.
Who bought Rainier bank?
Security Pacific Corporation
After a brief bidding war with First Bank System, Rainier Bancorp. was acquired by Security Pacific Corporation in 1987 for $1.15 billion in stock….Rainier Bancorp.
| Trade name | Rainier Bank |
|---|---|
| Fate | Acquired by Security Pacific Corporation |
| Successor | Security Pacific Bancorporation Northwest |
| Headquarters | Seattle, Washington |
Is there a First National bank in Seattle?
Seattle First National Bank Inc., the oldest bank in Seattle, operates the largest community banking network in Washington State.
What bank took over Security Pacific?
BankAmerica Corp.
Security Pacific Corp., a Los Angeles institution for more than a century, officially disappears today when it is merged into San Francisco-based BankAmerica Corp. to form the nation’s second-largest banking company.
When did Security Pacific Bank close?
November 7, 2008
On November 7, 2008, Security Pacific Bank, Los Angeles, CA was closed by the California Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.
Who bought Security Pacific National Bank?
Bank of America
Security Pacific National Bank (SPNB) was a large U.S. bank headquartered in Los Angeles, California. It was acquired by Bank of America in 1992….Security Pacific Bank.
| Industry | Banking |
|---|---|
| Defunct | April 22, 1992 |
| Fate | Merged into the Bank of America Corporation |
| Successor | Bank of America |
| Headquarters | Los Angeles, California |
Is First National Bank a local bank in USA?
First National Bank is a local, full-service bank, serving the Ames, Ankeny, Johnston, Osceola and West Des Moines communities from nine convenient locations. Stop by one of our branches and let us show you, What Banking Should Be. Click here for a list of all First National Bank Locations.
Is Chase bank owned by Washington Mutual?
On September 26, 2008, WaMu, Inc., and its remaining subsidiary, WMI Investment Corp., filed for Chapter 11 bankruptcy. Under the deal, JPMorgan Chase acquired all the banking operations of WaMu, including $307 billion in assets and $188 billion in deposits, for a price of $1.9 billion plus debt assumptions.