WESTERN COMMERCIAL BANK Failed 2010
What happened
WESTERN COMMERCIAL BANK of WOODLAND HILLS, CA was closed on 2010-11-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST CALIFORNIA BANK (WESTLAKE VILLAGE, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3876
- FDIC Certificate
- 58087
- FDIC FIN
- 10310
- Bank name
- WESTERN COMMERCIAL BANK
- Location
- WOODLAND HILLS, 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
- FDIC DIF cost (est.)
- $17M
- Deposits at failure
- $101M
- Assets at failure
- $99M
- Acquiring bank
- FIRST CALIFORNIA BANK (WESTLAKE VILLAGE, CA)
Other banks FIRST CALIFORNIA BANK acquired in FDIC resolutions