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California Bank & Trust Completes Conversion of Vineyard Bank Branches

 

Wednesday, Oct 21,2009, 8:13:19 PM   Click:

California Bank & Trust (CB & T) (www.calbanktrust.com) is pleased to announce that it has completed the translation of the ancient vineyards of the Bank and its branches in California Bank & Trust. More than 31,000 loans and deposit accounts have been fully integrated into the Bank of California Bank & Trust system. California Bank & Trust has acquired the deposits and loans from the Bank of Vineyard Federal Deposit Insurance Corporation, July 17, 2009.

"Conversion of Vineyard Bank branches and accounts of California Bank & Trust went very well. We look forward to working with our new customers and offer quality financial products, excellent customer service and the strength and security of a healthy financial institution, "said Frank Lee, executive vice president of the division Business Retail Banking California Bank & Trust.

In addition to 13 new full-service branches now available as a result of the conversion, the former vineyard business clients of the Bank will now have access to time saving products like cash management California Bank & Trust's Remote Deposit. Remote deposit allows a company to scan paper checks directly to the office and transmit those images to the bank via a secure Internet connection. The banking and many other targeted products are brand financial services California Bank & Trust offers on a daily basis.

With the completion of the conversion of Vineyard Bank, California Bank & Trust now has 113 branches in the State of California, which include newly converted offices 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 more than 10 billion dollars in assets and more than 100 branches statewide. With local management and decision making with emphasis on relationship banking, CB & T offers financial solutions for businesses and individuals, which includes commercial as well as small business loans, cash management, banking international wealth management and banking services online. More www.calbanktrust.com.

SOURCE: California Bank & Trust

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