Bank failure · CA
Canyon National Bank (Palm Springs, CA) — failed February 11, 2011
Canyon National Bank of Palm Springs, California was closed on February 11, 2011 and resolved through a purchase and assumption. Pacific Premier Bank (CA) took over its insured deposits. At failure it held $210.9M in assets and $205.3M in deposits. The FDIC's estimated loss on the failure is $15.6M (7.4% of assets).
- Closing date
- February 11, 2011
- FDIC certificate #
- 34692
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Pacific Premier Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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