PALM DESERT NATIONAL BANK Failed 2012
What happened
PALM DESERT NATIONAL BANK of PALM DESERT, CA was closed on 2012-04-27. 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
- 4000
- FDIC Certificate
- 23632
- FDIC FIN
- 10437
- Bank name
- PALM DESERT NATIONAL BANK
- Location
- PALM DESERT, CA
- Failure date
- 2012-04-27
- FDIC resolution date
- 2012-04-27
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $129M
- Assets at failure
- $129M
- Acquiring bank
- PACIFIC PREMIER BANK (COSTA MESA, CA)
Other banks PACIFIC PREMIER BANK acquired in FDIC resolutions