Bank failure · CA
1st PACIFIC BANK OF CALIFORNIA (San Diego, CA) — failed May 7, 2010
1st PACIFIC BANK OF CALIFORNIA of San Diego, California was closed on May 7, 2010 and resolved through a purchase and assumption. City National Bank (CA) took over its insured deposits. At failure it held $335.8M in assets and $291.2M in deposits. The FDIC's estimated loss on the failure is $6.3M (1.9% of assets).
- Closing date
- May 7, 2010
- FDIC certificate #
- 35517
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- City National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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