# SECURITY PACIFIC BANK

> **Failed bank** · SAN DIEGO, CA · failed 2008-11-07 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $148M

## What happened

SECURITY PACIFIC BANK of SAN DIEGO, CA was closed by regulators on **2008-11-07**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **PACIFIC WESTERN BANK** (SAN DIEGO, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3573
- **FDIC Certificate:** 23595
- **FDIC FIN:** 10020
- **Bank name:** SECURITY PACIFIC BANK
- **Location:** SAN DIEGO, CA
- **Failure date:** 2008-11-07
- **FDIC resolution date:** 2008-11-07
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $148M
- **Deposits at failure:** $456M
- **Assets at failure:** $528M
- **Acquiring bank:** PACIFIC WESTERN BANK (SAN DIEGO, CA)

## Other banks PACIFIC WESTERN BANK has acquired in FDIC resolutions

- LOS PADRES BANK (SOLVANG, CA) — failed 2010-08-20 — /failed-bank/3850
- AFFINITY BANK (VENTURA, CA) — failed 2009-08-28 — /failed-bank/3676
- SARATOGA S & L ASSOCIATION (SAN JOSE, CA) — failed 1989-11-09 — /failed-bank/2554

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECURITY%20PACIFIC%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY PACIFIC BANK (FDIC ID 3573), failed 2008-11-07. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/3573.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*