AFFINITY BANK Failed 2009
What happened
AFFINITY BANK of VENTURA, CA was closed on 2009-08-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PACIFIC WESTERN BANK (SAN DIEGO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3676
- FDIC Certificate
- 27197
- FDIC FIN
- 10110
- Bank name
- AFFINITY BANK
- Location
- VENTURA, CA
- Failure date
- 2009-08-28
- FDIC resolution date
- 2009-08-28
- 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.)
- $234M
- Deposits at failure
- $906M
- Assets at failure
- $1,211M
- Acquiring bank
- PACIFIC WESTERN BANK (SAN DIEGO, CA)
Other banks PACIFIC WESTERN BANK acquired in FDIC resolutions