Bank failure · CA
Vineyard Bank, National Association (Rancho Cucamonga, CA) — failed July 17, 2009
Vineyard Bank, National Association of Rancho Cucamonga, California was closed on July 17, 2009 and resolved through a purchase and assumption. California Bank & Trust (CA) took over its insured deposits. At failure it held $1.6B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $278.6M (17.0% of assets).
- Closing date
- July 17, 2009
- FDIC certificate #
- 23556
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- California Bank & Trust
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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