Bank failure · CA

Pacific Coast National Bank (San Clemente, CA) — failed November 13, 2009

Pacific Coast National Bank of San Clemente, California was closed on November 13, 2009 and resolved through a purchase and assumption. Sunwest Bank (CA) took over its insured deposits. At failure it held $131.4M in assets and $128.9M in deposits. The FDIC's estimated loss on the failure is $33.5M (25.5% of assets).