Bank failure · CA
Granite Community Bank, National Association (Granite Bay, CA) — failed May 28, 2010
Granite Community Bank, National Association of Granite Bay, California was closed on May 28, 2010 and resolved through a purchase and assumption. Tri Counties Bank (CA) took over its insured deposits. At failure it held $102.9M in assets and $94.3M in deposits. The FDIC's estimated loss on the failure is $13.2M (12.8% of assets).
- Closing date
- May 28, 2010
- FDIC certificate #
- 57315
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Tri Counties Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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