California Bank and Trust, which grew from a merger of several banks with different owners, has grown to acquire $10 billion worth of assets, making it one of the wealthiest financial institutions in the state. Branch offices are located throughout California.
The present form of the bank took shape in 1998, and several other banks were acquired over the next three years. A large part of their success lies in the way they keep the customer at the front of their minds as they make their decisions. Three types of banking are conducted by CB&T — personal, commercial and small businesses banking.
In all three categories, banking, loan and online services are provided, with several subcategories in each. These include: Banking, checking and savings, cash management, international banking, merchant services, wealth management, account services, 1031 exchange services — These are provided by an affiliate of the institution; the term refers to section 1031 of the Internal Revenue Code, which allows deferral of capital gains taxes on income earned from the sale of investment properties, Loan, working capital, lines of credit acquisition, financing, Online bank, owned property, real estate owned.
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