SAN JOAQUIN BANK Failed 2009

BAKERSFIELD, CA · State commercial bank, Federal Reserve member · view on FDIC BankFind ↗

What happened

SAN JOAQUIN BANK of BAKERSFIELD, CA was closed on 2009-10-16. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CITIZENS BUSINESS BANK (ONTARIO, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3692
FDIC Certificate
23266
FDIC FIN
10126
Bank name
SAN JOAQUIN BANK
Location
BAKERSFIELD, CA
Failure date
2009-10-16
FDIC resolution date
2009-10-16
Charter type
State commercial bank, Federal Reserve member
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$79M
Deposits at failure
$626M
Assets at failure
$766M
Acquiring bank
CITIZENS BUSINESS BANK (ONTARIO, CA)