Zions Bancorporation (ZION) subsidiary California Bank & Trust officials said on Friday that the bank has acquired the banking operations of Vineyard Bank in a transaction facilitated by the Federal Deposit Insurance Corporation, or FDIC. The transaction includes $1.4 billion in loans and $1.5 billion of deposits, which includes all current deposits, both insured and uninsured, except brokered deposits.
Vineyard Bank, headquartered in Corona, operated 16 branches, mainly in eastern Los Angeles County and western San Bernardino County. Under the terms of this transaction, California Bank & Trust will enter into a loss sharing agreement with the FDIC on all loans and real estate owned.
Bank branches previously operated by Vineyard Bank will reopen on July 18 or July 20, according to their prior normal operating hours, as branches of California Bank & Trust.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.