Bank failure · CA
Sonoma Valley Bank (Sonoma, CA) — failed August 20, 2010
Sonoma Valley Bank of Sonoma, California was closed on August 20, 2010 and resolved through a purchase and assumption. Westamerica Bank (CA) took over its insured deposits. At failure it held $337.1M in assets and $255.5M in deposits. The FDIC's estimated loss on the failure is $10.3M (3.1% of assets).
- Closing date
- August 20, 2010
- FDIC certificate #
- 27259
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Westamerica Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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