Bank failure · CA
Affinity Bank (Ventura, CA) — failed August 28, 2009
Affinity Bank of Ventura, California was closed on August 28, 2009 and resolved through a purchase and assumption. Pacific Western Bank (CA) took over its insured deposits. At failure it held $1.2B in assets and $905.6M in deposits. The FDIC's estimated loss on the failure is $234.1M (19.3% of assets).
- Closing date
- August 28, 2009
- FDIC certificate #
- 27197
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Pacific Western Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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