Bank failure · CA
Metropacific Bank (Irvine, CA) — failed June 26, 2009
Metropacific Bank of Irvine, California was closed on June 26, 2009 and resolved through a purchase and assumption. Sunwest Bank (CA) took over its insured deposits. At failure it held $75.3M in assets and $70.1M in deposits. The FDIC's estimated loss on the failure is $32.2M (42.7% of assets).
- Closing date
- June 26, 2009
- FDIC certificate #
- 57893
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Sunwest Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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