PACIFIC NATIONAL BANK Failed 2009
What happened
PACIFIC NATIONAL BANK of SAN FRANCISCO, CA was closed on 2009-10-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to U.S. BANK, NA (MINNEAPOLIS, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3704
- FDIC Certificate
- 30006
- FDIC FIN
- 10139
- Bank name
- PACIFIC NATIONAL BANK
- Location
- SAN FRANCISCO, CA
- Failure date
- 2009-10-30
- FDIC resolution date
- 2009-10-30
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $59M
- Deposits at failure
- $1,758M
- Assets at failure
- $2,319M
- Acquiring bank
- U.S. BANK, NA (MINNEAPOLIS, MN)
Other banks U.S. BANK, NA acquired in FDIC resolutions
- COMMUNITY BANK OF LEMONT (LEMONT, IL) — failed 2009-10-30
- CALIFORNIA NATIONAL BANK (LOS ANGELES, CA) — failed 2009-10-30
- MADISONVILLE STATE BANK (MADISONVILLE, TX) — failed 2009-10-30
- BANK USA, NA (PHOENIX, AZ) — failed 2009-10-30
- CITIZENS NATIONAL BANK (TEAGUE, TX) — failed 2009-10-30
- SAN DIEGO NATIONAL BANK (SAN DIEGO, CA) — failed 2009-10-30
- NORTH HOUSTON BANK (HOUSTON, TX) — failed 2009-10-30
- PARK NATIONAL BANK (CHICAGO, IL) — failed 2009-10-30
- DOWNEY SAVINGS AND LOAN ASSOCIATION, F.A. (NEWPORT BEACH, CA) — failed 2008-11-21
- PFF BANK & TRUST (POMONA, CA) — failed 2008-11-21