SONOMA VALLEY BANK Failed 2010
What happened
SONOMA VALLEY BANK of SONOMA, CA was closed on 2010-08-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WESTAMERICA BANK (SAN RAFAEL, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3847
- FDIC Certificate
- 27259
- FDIC FIN
- 10285
- Bank name
- SONOMA VALLEY BANK
- Location
- SONOMA, CA
- Failure date
- 2010-08-20
- FDIC resolution date
- 2010-08-20
- 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.)
- $10M
- Deposits at failure
- $256M
- Assets at failure
- $337M
- Acquiring bank
- WESTAMERICA BANK (SAN RAFAEL, CA)
Other banks WESTAMERICA BANK acquired in FDIC resolutions