Hibernia Bank

Founded as the Hibernia Savings and Loan Society in 1859 in San Francisco, Calif., by John Sullivan. Began as a membership corporation providing only savings bank services, but in 1946 became a stockholding corporation in order to provide commercial banking and trust services. In 1988, the Hibernia Bank was purchased by Security Pacific of Los Angeles and absorbed into their operations.

Corporate History

The Hibernia Savings and Loan Society was founded in San Francisco in 1859 by John Sullivan. It played a major role in financing San Francisco's growth in the Victorian era, and by 1900 was the largest bank in the entire state of California. Hibernia began as a membership corporation providing only savings bank services, but in 1946 became a stockholding corporation in order to provide commercial banking and trust services.

In 1988, the Hibernia Bank was purchased by Security Pacific of Los Angeles and absorbed into their operations.