Bank failure · CA
Citizens Bank of Northern California (Nevada City, CA) — failed September 23, 2011
Citizens Bank of Northern California of Nevada City, California was closed on September 23, 2011 and resolved through a purchase and assumption. Tri Counties Bank (CA) took over its insured deposits. At failure it held $288.8M in assets and $253.1M in deposits. The FDIC's estimated loss on the failure is $40.9M (14.2% of assets).
- Closing date
- September 23, 2011
- FDIC certificate #
- 33983
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Tri Counties Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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