Bank failure · ID
Syringa Bank (Boise, ID) — failed January 31, 2014
Syringa Bank of Boise, Idaho was closed on January 31, 2014 and resolved through a purchase and assumption. Sunwest Bank (CA) took over its insured deposits. At failure it held $153.4M in assets and $145.8M in deposits. The FDIC's estimated loss on the failure is $3.5M (2.3% of assets).
- Closing date
- January 31, 2014
- FDIC certificate #
- 34296
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Sunwest Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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