California Bank & Trust (CB&T) 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. CB&T acquired the deposits and loans of Vineyard Bank from the Federal Deposit Insurance Corporation in July, 2009.
Reportedly, 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 CB&T’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.
According to the CB&T, 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.
Frank Lee, executive vice president of the retail business banking division at California Bank & Trust, said: “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.”
