**Chino Commercial Bank** – A Chino, California-based financial institution. This is a more detailed outline of the bank and its brief history:
### History and Background
* **Established:** The Chino Commercial Bank was established in 1995 in Chino, California. It was actually a community-based bank to serve the financial needs of the people living in, and businesses operating within, the Chino area.
### Services and Offerings
Chino Commercial Bank offered services related to community banking, which included the following service lines:
Personal Banking:
Checking Accounts: A range of checking accounts, features, and benefits to suit individual needs.
Savings Accounts: Savings accounts and certificates of deposit for personal savings and investment.
Loans: The provision for personal loans, auto loans, and home loans to meet members’ needs.
– **Credit Cards:** Different credit card variants at competitive rates with respective benefits.
– **Business Banking:**
– **Business Accounts:** Current and savings accounts for small and medium businesses.
– **Business Loans:** Loans and lines of credit to meet any business financing needs.
### Community Involvement
The Chino Commercial Bank was very actively involved with the community, through participation in local events and the support of numerous charities, community projects as well. Community service on behalf of the bank was one of the major missions there, reflecting a particular focus of service upon the Chino area.
### Challenges and Closure
Due to the economic conditions and the general shift in the banking industry, most community banks suffer greatly. It is extremely sad that due to severe financial problems, the bank had to be shut down.
– **Closure:** In August 2010, Chino Commercial Bank was closed by the California Department of Financial Institutions. Its bankruptcy was caused because of combined corrosive factors in the economy as well as the financial instability it faced.
### Aftermath and Legacy
After its closure, the assets and liabilities of Chino Commercial Bank were assumed by OneWest Bank, which took over the bank’s operations and continued to serve the community.
Closing Chino Commercial Bank, it was no more able to hold its status as a community financial institution; however, it is still memorable for the effort it tried to contribute to the field of local banking and community supports during its operational years.
It would be in place to go through any updated information regarding its closure or happenings relating to it amongst the financial regulatory bodies or annals of history.