Bank failure · CA
Western Commercial Bank (Woodland Hills, CA) — failed November 5, 2010
Western Commercial Bank of Woodland Hills, California was closed on November 5, 2010 and resolved through a purchase and assumption. First California Bank (CA) took over its insured deposits. At failure it held $98.6M in assets and $101.1M in deposits. The FDIC's estimated loss on the failure is $16.9M (17.2% of assets).
- Closing date
- November 5, 2010
- FDIC certificate #
- 58087
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First California Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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