Bank failure · CA
Frontier Bank, FSB (Palm Desert, CA) — failed November 7, 2014
Frontier Bank, FSB of Palm Desert, California was closed on November 7, 2014 and resolved through a purchase and assumption. Bank of Southern California, N.A. (CA) took over its insured deposits. At failure it held $80.7M in assets and $76.3M in deposits. The FDIC's estimated loss on the failure is $2.9M (3.6% of assets).
- Closing date
- November 7, 2014
- FDIC certificate #
- 34738
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Southern California, N.A.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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