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American Security Bank was opened in September, 1990, as Sun Country Bank. In the fall of 2003, the Bank’s holdings expanded through the purchase of PriVest Bank, a single location in Santa Ana.

The Bank changed its name to American Security Bank in June, 2005. From June, 2005 to November, 2008, the Bank’s footprint expanded through the opening of new offices in Corona and Apple Valley; the relocation of its headquarters from Santa Ana to Newport Beach; the relocation of its commercial real estate lending division to the headquarters facility; and the construction of an updated office that replaced its flagship Apple Valley office. The bank operates six full-service banking offices.

The four-county footprint served by American Security Bank includes the High Desert region of San Bernardino County, the Antelope Valley region of Los Angeles County, the Inland Empire, and Orange County.
 
 

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html
© Copyright 2005, American Security Bank. All Rights Reserved. Insured Equal Housing Lender