1st PACIFIC BANK OF CALIFORNIA Failed 2010
What happened
1st PACIFIC BANK OF CALIFORNIA of SAN DIEGO, CA was closed on 2010-05-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITY NATIONAL BANK (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3800
- FDIC Certificate
- 35517
- FDIC FIN
- 10232
- Bank name
- 1st PACIFIC BANK OF CALIFORNIA
- Location
- SAN DIEGO, CA
- Failure date
- 2010-05-07
- FDIC resolution date
- 2010-05-07
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $291M
- Assets at failure
- $336M
- Acquiring bank
- CITY NATIONAL BANK (LOS ANGELES, CA)
Other banks CITY NATIONAL BANK acquired in FDIC resolutions