A small Southern California thrift is moving into an emerging entrepreneurial center to fill a trust management void left by the departure of two giant commercial banks.

PFF Bancorp, a $2.1 billion-asset company based in Pomona, Calif., has opened a trust office in Riverside - a county seat abandoned by both BankAmerica Corp. and the since-acquired First Interstate Bank of California. Riverside County contains such wealthy desert enclaves as Palm Springs, Rancho Mirage, and Indian Wells.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.