FIRST REGIONAL BANK Failed 2010
What happened
FIRST REGIONAL BANK of LOS ANGELES, CA was closed on 2010-01-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3748
- FDIC Certificate
- 23011
- FDIC FIN
- 10177
- Bank name
- FIRST REGIONAL BANK
- Location
- LOS ANGELES, CA
- Failure date
- 2010-01-29
- FDIC resolution date
- 2010-01-29
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $224M
- Deposits at failure
- $1,664M
- Assets at failure
- $2,083M
- Acquiring bank
- FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC)
Other banks FIRST-CITIZENS BANK & TRUST COMPANY acquired in FDIC resolutions