Bank failure · CA
County Bank (Merced, CA) — failed February 6, 2009
County Bank of Merced, California was closed on February 6, 2009 and resolved through a purchase and assumption. Westamerica Bank (CA) took over its insured deposits. At failure it held $1.7B in assets and $1.3B in deposits. The FDIC's estimated loss on the failure is $61.8M (3.6% of assets).
- Closing date
- February 6, 2009
- FDIC certificate #
- 22574
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Westamerica Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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