TEMECULA VALLEY BANK Failed 2009
What happened
TEMECULA VALLEY BANK of TEMECULA, CA was closed on 2009-07-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST-CITIZENS BANK AND TRUST COMPANY (RALEIGH, NC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3649
- FDIC Certificate
- 34341
- FDIC FIN
- 10082
- Bank name
- TEMECULA VALLEY BANK
- Location
- TEMECULA, CA
- Failure date
- 2009-07-17
- FDIC resolution date
- 2009-07-17
- 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.)
- $227M
- Deposits at failure
- $1,276M
- Assets at failure
- $1,397M
- Acquiring bank
- FIRST-CITIZENS BANK AND TRUST COMPANY (RALEIGH, NC)
Other banks FIRST-CITIZENS BANK AND TRUST COMPANY acquired in FDIC resolutions