Bank failure · CA
Butte Community Bank (Chico, CA) — failed August 20, 2010
Butte Community Bank of Chico, California was closed on August 20, 2010 and resolved through a purchase and assumption. Rabobank, National Association (CA) took over its insured deposits. At failure it held $498.8M in assets and $471.3M in deposits. The FDIC's estimated loss on the failure is $1.7M (0.3% of assets).
- Closing date
- August 20, 2010
- FDIC certificate #
- 33219
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Rabobank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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