Bank of Southern California, N.A., San Diego, California, Assumes All of the Deposits of Frontier Bank, FSB, d/b/a El Paseo Bank, Palm Desert, California — 2014-11-07

Frontier Bank, FSB, Palm Desert, California was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of Southern California, N.A., San Diego, California, to assume all of the deposits of Frontier Bank, FSB. The two branches of Frontier Bank, FSB, doing business as El Paseo Bank, will reopen as branches of Bank of Southern California, N.A. during their normal business hours. Depositors of Frontier Bank, FSB will automatically become depositors of Bank of Southern California, N.A. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.