METROPACIFIC BANK Failed 2009
What happened
METROPACIFIC BANK of IRVINE, CA was closed on 2009-06-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SUNWEST BANK (TUSTIN, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3638
- FDIC Certificate
- 57893
- FDIC FIN
- 10071
- Bank name
- METROPACIFIC BANK
- Location
- IRVINE, CA
- Failure date
- 2009-06-26
- FDIC resolution date
- 2009-06-26
- 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.)
- $32M
- Deposits at failure
- $70M
- Assets at failure
- $75M
- Acquiring bank
- SUNWEST BANK (TUSTIN, CA)
Other banks SUNWEST BANK acquired in FDIC resolutions