ALLIANCE BANK Failed 2009
What happened
ALLIANCE BANK of CULVER CITY, 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 CALIFORNIA BANK AND TRUST (SAN DIEGO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3601
- FDIC Certificate
- 23124
- FDIC FIN
- 10035
- Bank name
- ALLIANCE BANK
- Location
- CULVER CITY, CA
- Failure date
- 2009-02-06
- FDIC resolution date
- 2009-02-06
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $118M
- Deposits at failure
- $951M
- Assets at failure
- $1,113M
- Acquiring bank
- CALIFORNIA BANK AND TRUST (SAN DIEGO, CA)