# FIRST VIETNAMESE AMERICAN BANK

> **Failed bank** · WESTMINSTER, CA · failed 2010-11-05 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $14M

## What happened

FIRST VIETNAMESE AMERICAN BANK of WESTMINSTER, CA was closed by regulators on **2010-11-05**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **GRANDPOINT BANK** (SANTA ANA, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3875
- **FDIC Certificate:** 57885
- **FDIC FIN:** 10307
- **Bank name:** FIRST VIETNAMESE AMERICAN BANK
- **Location:** WESTMINSTER, CA
- **Failure date:** 2010-11-05
- **FDIC resolution date:** 2010-11-05
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $14M
- **Deposits at failure:** $47M
- **Assets at failure:** $48M
- **Acquiring bank:** GRANDPOINT BANK (SANTA ANA, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST VIETNAMESE AMERICAN BANK (FDIC ID 3875), failed 2010-11-05. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3875.

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