Bank failure · CA

First Federal Bank of California, a Federal Savings Bank (Santa Monica, CA) — failed December 18, 2009

First Federal Bank of California, a Federal Savings Bank of Santa Monica, California was closed on December 18, 2009 and resolved through a purchase and assumption. Onewest Bank, FSB (CA) took over its insured deposits. At failure it held $6.1B in assets and $4.5B in deposits.