What happens to your Pacific Enterprise accounts when you die
No beneficiary or trust option on any account, so they pass through the estate
Pacific Enterprise has merged with another institutionMerged, effective February 2022
Pacific Enterprise Bank merged into United Business Bank, a BayCom Corp subsidiary, effective February 1, 2022. The former Pacific Enterprise Bank office at 17748 Sky Park Circle, Suite 100, Irvine, CA 92614 is a United Business Bank branch: 949.623.7600, Monday - Friday 9:00 am - 4:00 pm. The pacificenterprisebank.com website no longer serves a site.
Pacific Enterprise does not currently support beneficiary designations, transfer-on-death registrations, or trust account titling on any account type. All Pacific Enterprise accounts pass through the estate at death and may require probate.
When an account holder dies, the executor or administrator will need to contact Pacific Enterprise with a death certificate and legal authority documents to claim account balances. The process and required documents are covered on the death claim page.
Pacific Enterprise does not currently support beneficiary designations (POD or TOD) on any account type. All accounts transfer through the estate at death and may require probate.
Why trust accounts are not available
Pacific Enterprise does not support retitling accounts into a trust, naming a trust as beneficiary, or any other probate-avoidance mechanism. Account balances transfer through the estate at death.
Personal Checking
United Business Bank personal checking with unlimited check writing, free online banking, bill pay, eStatements and debit card, and free cash withdrawals up to 5 times per month at any ATM in California, Colorado, New Mexico and Washington.
Personal Interest Checking
Interest-bearing personal checking with unlimited check writing.
Exclusive 50 Checking
Interest-bearing checking for customers age 50 and over, with a free order of 150 personal size duplicate checks in each 12-month period.
Simply Checking
Qualifying services: Online Banking, eStatements, Bill Pay transactions, Mobile Deposit, debit card transactions, Direct Deposit and Usave.
Personal Savings
Interest-bearing personal savings account.
Personal Money Market
Money market account with direct check writing.
Personal Certificate of Deposit
Fixed-rate term deposit. One withdrawal of interest paid is allowed during each term, and early withdrawal penalties apply.
CDARS
Multiple CDs managed through United Business Bank, with one rate per maturity, one statement and a consolidated tax statement, giving access to multi-million-dollar FDIC insurance. Funds are placed only after the depositor enters into a CDARS Deposit Placement Agreement with the bank.
Traditional IRA
FDIC-insured IRA. United Business Bank lists no income limits to open, no minimum contribution in any year, withdrawals from age 59 1/2, and mandatory withdrawals at age 73.
Roth IRA
FDIC-insured Roth IRA. United Business Bank lists income limits to open, no mandatory distribution age, and no age limit on contributions while the owner has earned income.
Sources
Data sourced from Pacific Enterprise primary sources (13 pages reviewed). How we research.
Pacific Enterprise estate support
United Business Bank Client Support
Phone
Irvine branch, former Pacific Enterprise Bank office
Telephone Banking
Hours
Website
Estate requests go through general customer service.
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