# FIRST FEDERAL BANK OF CALIFORNIA,  A FEDERAL SAVINGS BANK

> **Failed bank** · SANTA MONICA, CA · failed 2009-12-18 · Savings bank

## What happened

FIRST FEDERAL BANK OF CALIFORNIA,  A FEDERAL SAVINGS BANK of SANTA MONICA, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $4,539M
- **Assets at failure:** $6,144M
- **Acquiring bank:** ONEWEST BANK, FSB (PASADENA, CA)

## Other banks ONEWEST BANK, FSB has acquired in FDIC resolutions

- LA JOLLA BANK, FSB (LA JOLLA, CA) — failed 2010-02-19 — /failed-bank/3752
- INDYMAC BANK F.S.B (PASADENA, CA) — failed 2008-07-11 — /failed-bank/3560

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FEDERAL%20BANK%20OF%20CALIFORNIA%2C%20%20A%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL BANK OF CALIFORNIA,  A FEDERAL SAVINGS BANK (FDIC ID 3730), failed 2009-12-18. Retrieved via AI Analytics 2026-08-17 from https://api.ai-analytics.org/failed-bank/3730.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*