FRONTIER BANK, FSB Failed 2014
What happened
FRONTIER BANK, FSB of PALM DESERT, CA was closed on 2014-11-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF SOUTHERN CALIFORNIA, N.A. (SAN DIEGO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4074
- FDIC Certificate
- 34738
- FDIC FIN
- 10508
- Bank name
- FRONTIER BANK, FSB
- Location
- PALM DESERT, CA
- Failure date
- 2014-11-07
- FDIC resolution date
- 2014-11-07
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $76M
- Assets at failure
- $81M
- Acquiring bank
- BANK OF SOUTHERN CALIFORNIA, N.A. (SAN DIEGO, CA)