1ST CENTENNIAL BANK Failed 2009
What happened
1ST CENTENNIAL BANK of REDLANDS, CA was closed on 2009-01-23. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to FIRST CALIFORNIA BANK (WESTLAKE VILLAGE, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3596
- FDIC Certificate
- 33025
- FDIC FIN
- 10030
- Bank name
- 1ST CENTENNIAL BANK
- Location
- REDLANDS, CA
- Failure date
- 2009-01-23
- FDIC resolution date
- 2009-01-23
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $136M
- Deposits at failure
- $679M
- Assets at failure
- $798M
- Acquiring bank
- FIRST CALIFORNIA BANK (WESTLAKE VILLAGE, CA)
Other banks FIRST CALIFORNIA BANK acquired in FDIC resolutions