Bank Failure
Citizens Bank of Northern California
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Closed September 23, 2011 · Nevada City, CA · FDIC Cert #33983.
- Closing date
- September 23, 2011
- Headquarters
- Nevada City, CA
- FDIC Certificate
- 33983
- Total assets at closing
- $288.8M
- Total deposits at closing
- $253.1M
- Estimated loss to the insurance fund
- $40.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Tri Counties Bank
Context
On September 23, 2011, regulators closed Citizens Bank of Northern California, headquartered in Nevada City, CA. At closing, the institution held approximately $288.8M in assets and $253.1M in deposits. The FDIC record names Tri Counties Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $40.9M.
By assets at closing this is the 575th largest of the 3,526 bank failures in the FDIC record, and the 32nd of 92 in 2011. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Citizens Bank of Northern California fail?
Citizens Bank of Northern California was closed by regulators on September 23, 2011.
Who acquired Citizens Bank of Northern California?
The FDIC record names Tri Counties Bank as the acquiring institution in the resolution of Citizens Bank of Northern California.
How big was Citizens Bank of Northern California when it failed?
Citizens Bank of Northern California had approximately $288.8M in total assets and $253.1M in deposits at the time of failure.
Other failures in 2011
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
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