PACIFIC COAST NATIONAL BANK Failed 2009
What happened
PACIFIC COAST NATIONAL BANK of SAN CLEMENTE, CA was closed on 2009-11-13. 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
- 3716
- FDIC Certificate
- 57914
- FDIC FIN
- 10150
- Bank name
- PACIFIC COAST NATIONAL BANK
- Location
- SAN CLEMENTE, CA
- Failure date
- 2009-11-13
- FDIC resolution date
- 2009-11-13
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $33M
- Deposits at failure
- $129M
- Assets at failure
- $131M
- Acquiring bank
- SUNWEST BANK (TUSTIN, CA)
Other banks SUNWEST BANK acquired in FDIC resolutions