CANYON NATIONAL BANK Failed 2011
What happened
CANYON NATIONAL BANK of PALM SPRINGS, CA was closed on 2011-02-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PACIFIC PREMIER BANK (COSTA MESA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3907
- FDIC Certificate
- 34692
- FDIC FIN
- 10340
- Bank name
- CANYON NATIONAL BANK
- Location
- PALM SPRINGS, CA
- Failure date
- 2011-02-11
- FDIC resolution date
- 2011-02-11
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $205M
- Assets at failure
- $211M
- Acquiring bank
- PACIFIC PREMIER BANK (COSTA MESA, CA)
Other banks PACIFIC PREMIER BANK acquired in FDIC resolutions