CHARTER OAK BANK Failed 2011
What happened
CHARTER OAK BANK of NAPA, CA was closed on 2011-02-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF MARIN (NOVATO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3912
- FDIC Certificate
- 57855
- FDIC FIN
- 10343
- Bank name
- CHARTER OAK BANK
- Location
- NAPA, CA
- Failure date
- 2011-02-18
- FDIC resolution date
- 2011-02-18
- 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.)
- $20M
- Deposits at failure
- $105M
- Assets at failure
- $121M
- Acquiring bank
- BANK OF MARIN (NOVATO, CA)