Bank failure · CA
Alliance Bank (Culver City, CA) — failed February 6, 2009
Alliance Bank of Culver City, California was closed on February 6, 2009 and resolved through a purchase and assumption. California Bank and Trust (CA) took over its insured deposits. At failure it held $1.1B in assets and $951.1M in deposits. The FDIC's estimated loss on the failure is $118.1M (10.6% of assets).
- Closing date
- February 6, 2009
- FDIC certificate #
- 23124
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- California Bank and Trust
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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