Bank failure · CA
San Joaquin Bank (Bakersfield, CA) — failed October 16, 2009
San Joaquin Bank of Bakersfield, California was closed on October 16, 2009 and resolved through a purchase and assumption. Citizens Business Bank (CA) took over its insured deposits. At failure it held $766.4M in assets and $626.4M in deposits. The FDIC's estimated loss on the failure is $79.1M (10.3% of assets).
- Closing date
- October 16, 2009
- FDIC certificate #
- 23266
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens Business Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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