First Choice Bank

First Choice Bank was established on August 18, 2005, originally operating under the name First Choice Bank. The bank underwent a significant transformation on October 27, 2014, when it changed its name to First Choice Bank and relocated its main office to 17785 Center Court Drive North in Cerritos, California. On October 1, 2018, First Choice Bank changed its primary federal regulatory agency to the Federal Reserve and categorized itself as a state-chartered bank, becoming a member of the Federal Reserve System on the same day. Subsequently, on July 31, 2018, the bank expanded its operations by acquiring Pacific Commerce Bank based in Los Angeles, California. However, on July 21, 2021, First Choice Bank merged with Enterprise Bank & Trust, located in Clayton, Missouri, resulting in its dissolution as an independent institution.

Below is a list of some important events in banks history, including mergers and acquisitions.

2005-08-18Institution established. Original name: First Choice Bank.

2014-10-27Main Office moved to 17785 Center Court Dr N, Cerritos, CA 90703.

2014-10-27Changed Institution Name to First Choice Bank.

2018-07-31Acquired Pacific Commerce Bank in Los Angeles, CA.

2018-10-01Institution becomes member of the Federal Reserve System.

2018-10-01Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2018-10-01Changed Primary Federal Regulatory Agency to FED.

2021-07-21Merged and became part of Enterprise Bank & Trust in Clayton, MO.