SAN DIEGO--(BUSINESS WIRE)--
California Bank & Trust (CB&T) (www.calbanktrust.com)
is pleased to announce that it has completed the conversion of the
former Alliance Bank accounts and buildings into California Bank &
Trust. More than 6,000 deposit accounts have been fully integrated into
the California Bank & Trust banking system. California Bank & Trust
acquired the deposits and loans of Alliance Bank from the Federal
Deposit Insurance Corporation on February 9, 2009.
"California Bank & Trust is pleased to announce that the conversion of
Alliance Bank to California Bank & Trust was a smooth transition. Now
former Alliance customers can benefit from joining our bank which has an
array of financial products and high-quality customer service," said
Scott Monson, executive vice president and managing director of
commercial banking division at California Bank & Trust. "California Bank
& Trust clients will be able to enjoy the added branches in the Southern
California area and we look forward to a long and beneficial
relationship with all of our clients."
In addition to the three new full-service commercial banking offices now
available as a result of the conversion, former Alliance bank business
customers will now have access to time-saving and beneficial 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 customer-focused products are the hallmark of the financial
services California Bank & Trust delivers on a daily basis.
With the Alliance bank conversion complete, California Bank & Trust now
has 93 branches within the state of California, which include the new
branches in Culver City, Woodland Hills and Brentwood.
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 93 offices statewide. With local management
and decision-making and an emphasis on relationship banking, CB&T
provides financial solutions for businesses and individuals, that
includes commercial and small business lending, cash management,
international banking, wealth management, and online banking. Learn more
at www.calbanktrust.com.
Source: California Bank & Trust
Contact: LFPR (for California Bank & Trust)
Shana Starr / Tiffany Massey
949.502.7750 x 209/218
shanas@lf-pr.com / tiffanym@lf-pr.com