COUNTY BANK Failed 2009
What happened
COUNTY BANK of MERCED, CA was closed on 2009-02-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WESTAMERICA BANK (SAN RAFAEL, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3600
- FDIC Certificate
- 22574
- FDIC FIN
- 10034
- Bank name
- COUNTY BANK
- Location
- MERCED, CA
- Failure date
- 2009-02-06
- FDIC resolution date
- 2009-02-06
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $62M
- Deposits at failure
- $1,325M
- Assets at failure
- $1,712M
- Acquiring bank
- WESTAMERICA BANK (SAN RAFAEL, CA)
Other banks WESTAMERICA BANK acquired in FDIC resolutions