FBOP Corporation Company Description
FBOP Corporation owned eight community banks in California, Illinois, Texas, and Arizona. The largest was Los Angeles-based California National Bank, which had some 70 branches. FBOP's other primary markets included Chicago, Phoenix, San Diego, and San Francisco; all told, the company had about 150 locations. The banks provided standard retail and commercial services such as checking and savings accounts, CDs, and credit cards. They mainly specialized in real estate and construction lending. FBOP Corporation failed and was seized by regulators in 2009. Its banking subsidiaries, including their branches and most of their loan portfolio and deposits, were taken over by U.S. Bancorp in an FDIC-assisted transaction.
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The Company Description provides a historical perspective of FBOP Corporation's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of FBOP Corporation's evolution in the marketplace.
