FIRST FEDERAL BANK OF CALIFORNIA, A FEDERAL SAVINGS BANK Failed 2009
What happened
FIRST FEDERAL BANK OF CALIFORNIA, A FEDERAL SAVINGS BANK of SANTA MONICA, CA was closed on 2009-12-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ONEWEST BANK, FSB (PASADENA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3730
- FDIC Certificate
- 28536
- FDIC FIN
- 10167
- Bank name
- FIRST FEDERAL BANK OF CALIFORNIA, A FEDERAL SAVINGS BANK
- Location
- SANTA MONICA, CA
- Failure date
- 2009-12-18
- FDIC resolution date
- 2009-12-18
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $4,539M
- Assets at failure
- $6,144M
- Acquiring bank
- ONEWEST BANK, FSB (PASADENA, CA)
Other banks ONEWEST BANK, FSB acquired in FDIC resolutions