Bank failure · CA

California National Bank (Los Angeles, CA) — failed October 30, 2009

California National Bank of Los Angeles, California was closed on October 30, 2009 and resolved through a purchase and assumption. U.S. Bank, NA (MN) took over its insured deposits. At failure it held $7.8B in assets and $6.1B in deposits. The FDIC's estimated loss on the failure is $182.0M (2.3% of assets).