Bank failure · CA
San Luis Trust Bank, FSB (San Luis Obispo, CA) — failed February 18, 2011
San Luis Trust Bank, FSB of San Luis Obispo, California was closed on February 18, 2011 and resolved through a purchase and assumption. First California Bank (CA) took over its insured deposits. At failure it held $332.6M in assets and $272.2M in deposits. The FDIC's estimated loss on the failure is $72.9M (21.9% of assets).
- Closing date
- February 18, 2011
- FDIC certificate #
- 34783
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First California Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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