LOS PADRES BANK Failed 2010
What happened
LOS PADRES BANK of SOLVANG, 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 PACIFIC WESTERN BANK (SAN DIEGO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3850
- FDIC Certificate
- 32165
- FDIC FIN
- 10282
- Bank name
- LOS PADRES BANK
- Location
- SOLVANG, CA
- Failure date
- 2010-08-20
- FDIC resolution date
- 2010-08-20
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $771M
- Assets at failure
- $866M
- Acquiring bank
- PACIFIC WESTERN BANK (SAN DIEGO, CA)
Other banks PACIFIC WESTERN BANK acquired in FDIC resolutions