Bank failure · CA
LA Jolla Bank, FSB (LA Jolla, CA) — failed February 19, 2010
LA Jolla Bank, FSB of LA Jolla, California was closed on February 19, 2010 and resolved through a purchase and assumption. Onewest Bank, FSB (CA) took over its insured deposits. At failure it held $3.6B in assets and $2.8B in deposits. The FDIC's estimated loss on the failure is $560.1M (15.4% of assets).
- Closing date
- February 19, 2010
- FDIC certificate #
- 32423
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Onewest Bank, FSB
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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