Bank failure · CA
San Diego National Bank (San Diego, CA) — failed October 30, 2009
San Diego National Bank of San Diego, California was closed on October 30, 2009 and resolved through a purchase and assumption. U.S. Bank, NA (MN) took over its insured deposits. At failure it held $3.6B in assets and $2.9B in deposits. The FDIC's estimated loss on the failure is $36.4M (1.0% of assets).
- Closing date
- October 30, 2009
- FDIC certificate #
- 23594
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- U.S. Bank, NA
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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