BUTTE COMMUNITY BANK Failed 2010
What happened
BUTTE COMMUNITY BANK of CHICO, 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 RABOBANK, NATIONAL ASSOCIATION (EL CENTRO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3851
- FDIC Certificate
- 33219
- FDIC FIN
- 10278
- Bank name
- BUTTE COMMUNITY BANK
- Location
- CHICO, 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.)
- $2M
- Deposits at failure
- $471M
- Assets at failure
- $499M
- Acquiring bank
- RABOBANK, NATIONAL ASSOCIATION (EL CENTRO, CA)
Other banks RABOBANK, NATIONAL ASSOCIATION acquired in FDIC resolutions