# LOS PADRES BANK

> **Failed bank** · SOLVANG, CA · failed 2010-08-20 · Savings bank · FDIC cost $3M

## What happened

LOS PADRES BANK of SOLVANG, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $771M
- **Assets at failure:** $866M
- **Acquiring bank:** PACIFIC WESTERN BANK (SAN DIEGO, CA)

## Other banks PACIFIC WESTERN BANK has acquired in FDIC resolutions

- AFFINITY BANK (VENTURA, CA) — failed 2009-08-28 — /failed-bank/3676
- SECURITY PACIFIC BANK (SAN DIEGO, CA) — failed 2008-11-07 — /failed-bank/3573
- SARATOGA S & L ASSOCIATION (SAN JOSE, CA) — failed 1989-11-09 — /failed-bank/2554

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=LOS%20PADRES%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LOS PADRES BANK (FDIC ID 3850), failed 2010-08-20. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/3850.

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