US Bank Buys Landmark Building From FDIC

SAN DIEGO–US Bank has agreed to purchase the seven-story, 110,000-square-foot former San Diego National Bank headquarters at 1420 Kettner Blvd. in Downtown San Diego from the FDIC, preserving a whale mural painted on the side of the building by the environmental artist Wyland that has become a local community landmark. Minneapolis-based US Bank acquired San Diego National Bank on Oct. 30, although the headquarters building was not a part of the FDIC-assisted transaction at that time.

Robert Horsman, US Bank’s regional chairman in San Diego, called the transaction “wonderful news” for the employees and customers who have come to US Bank from San Diego National Bank, as well as for the community.

“This building has a special place in many hearts,” Horsman, the former president and chief executive officer of San Diego National Bank, said in a statement. “The decision to make this location a cornerstone of US Bank’s operations in San Diego demonstrates a true blending of cultures as we move forward and create new successes together.”