Bank failure · CA
Charter Oak Bank (Napa, CA) — failed February 18, 2011
Charter Oak Bank of Napa, California was closed on February 18, 2011 and resolved through a purchase and assumption. Bank of Marin (CA) took over its insured deposits. At failure it held $120.8M in assets and $105.3M in deposits. The FDIC's estimated loss on the failure is $20.1M (16.6% of assets).
- Closing date
- February 18, 2011
- FDIC certificate #
- 57855
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Marin
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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