CITIZENS BANK OF NORTHERN CALIFORNIA Failed 2011
What happened
CITIZENS BANK OF NORTHERN CALIFORNIA of NEVADA CITY, CA was closed on 2011-09-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TRI COUNTIES BANK (CHICO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3963
- FDIC Certificate
- 33983
- FDIC FIN
- 10397
- Bank name
- CITIZENS BANK OF NORTHERN CALIFORNIA
- Location
- NEVADA CITY, CA
- Failure date
- 2011-09-23
- FDIC resolution date
- 2011-09-23
- 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.)
- $41M
- Deposits at failure
- $253M
- Assets at failure
- $289M
- Acquiring bank
- TRI COUNTIES BANK (CHICO, CA)
Other banks TRI COUNTIES BANK acquired in FDIC resolutions