Bank failure · CA
Pacific State Bank (Stockton, CA) — failed August 20, 2010
Pacific State Bank of Stockton, California was closed on August 20, 2010 and resolved through a purchase and assumption. Rabobank, National Association (CA) took over its insured deposits. At failure it held $312.1M in assets and $278.8M in deposits. The FDIC's estimated loss on the failure is $34.0M (10.9% of assets).
- Closing date
- August 20, 2010
- FDIC certificate #
- 27090
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Rabobank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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