PFF BANK & TRUST Failed 2008
What happened
PFF BANK & TRUST of POMONA, CA was closed on 2008-11-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to U.S. BANK, NA (CINCINNATI, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3576
- FDIC Certificate
- 28344
- FDIC FIN
- 10024
- Bank name
- PFF BANK & TRUST
- Location
- POMONA, CA
- Failure date
- 2008-11-21
- FDIC resolution date
- 2008-11-21
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $259M
- Deposits at failure
- $2,394M
- Assets at failure
- $3,715M
- Acquiring bank
- U.S. BANK, NA (CINCINNATI, OH)
Other banks U.S. BANK, NA acquired in FDIC resolutions
- COMMUNITY BANK OF LEMONT (LEMONT, IL) — failed 2009-10-30
- CALIFORNIA NATIONAL BANK (LOS ANGELES, CA) — failed 2009-10-30
- MADISONVILLE STATE BANK (MADISONVILLE, TX) — failed 2009-10-30
- BANK USA, NA (PHOENIX, AZ) — failed 2009-10-30
- PACIFIC NATIONAL BANK (SAN FRANCISCO, CA) — failed 2009-10-30
- CITIZENS NATIONAL BANK (TEAGUE, TX) — failed 2009-10-30
- SAN DIEGO NATIONAL BANK (SAN DIEGO, CA) — failed 2009-10-30
- NORTH HOUSTON BANK (HOUSTON, TX) — failed 2009-10-30
- PARK NATIONAL BANK (CHICAGO, IL) — failed 2009-10-30
- DOWNEY SAVINGS AND LOAN ASSOCIATION, F.A. (NEWPORT BEACH, CA) — failed 2008-11-21