Bank failure · CA

First Regional Bank (Los Angeles, CA) — failed January 29, 2010

First Regional Bank of Los Angeles, California was closed on January 29, 2010 and resolved through a purchase and assumption. First-Citizens Bank & Trust Company (NC) took over its insured deposits. At failure it held $2.1B in assets and $1.7B in deposits. The FDIC's estimated loss on the failure is $224.1M (10.8% of assets).