Bank failure · CA
Pff Bank & Trust (Pomona, CA) — failed November 21, 2008
Pff Bank & Trust of Pomona, California was closed on November 21, 2008 and resolved through a purchase and assumption. U.S. Bank, NA (OH) took over its insured deposits. At failure it held $3.7B in assets and $2.4B in deposits. The FDIC's estimated loss on the failure is $258.8M (7.0% of assets).
- Closing date
- November 21, 2008
- FDIC certificate #
- 28344
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- U.S. Bank, NA
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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