United States National Bank of San Diego
USNB's assets and domestic branches were taken over by Crocker National Bank, which later merged into Wells Fargo.In 1933, with the assistance of family and friends, he purchased USNB for $50,000, which at the time had a single branch, $800,000 in deposits and $1.7mm in assets.By the early 1970s, USNB, WCC and other Smith entities were under investigation by the U.S. Securities and Exchange Commission and the Office of the Comptroller of the Currency.In October 1973, driven in part by an ongoing withdrawal of deposits,[5] the FDIC seized USNB, based on continued self-dealing by Smith.[6] USNB's non-Smith business was assumed by Crocker National Bank (now part of Wells Fargo).