Bank Failure
FIRST FEDERAL BANK OF CALIFORNIA, A FEDERAL SAVINGS BANK
Closed December 18, 2009 · SANTA MONICA, CA · FDIC Cert #28536.
- Closing date
- December 18, 2009
- Headquarters
- SANTA MONICA, CA
- FDIC Certificate
- 28536
- Total assets at closing
- $6,143,903,000
- Total deposits at closing
- $4,538,607,000
- Resolution type
- other
- Acquirer
- ONEWEST BANK, FSB (FDIC Cert #10167)
Context
On December 18, 2009, regulators closed FIRST FEDERAL BANK OF CALIFORNIA, A FEDERAL SAVINGS BANK, headquartered in SANTA MONICA, CA. At closing, the institution held approximately $6,143,903,000 in assets and $4,538,607,000 in deposits. The FDIC arranged a resolution under which ONEWEST BANK, FSB acquired the failed bank's operations.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2009
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2009-12-18 | IMPERIAL CAPITAL BANK | LA JOLLA, CA | $4,046,888,000 |
| 2009-12-18 | PEOPLES FIRST COMMUNITY BANK | PANAMA CITY, FL | $1,795,420,000 |
| 2009-12-18 | NEW SOUTH FEDERAL SAVINGS BANK | IRONDALE, AL | $1,464,127,000 |
| 2009-12-18 | INDEPENDENT BANKERS' BANK | SPRINGFIELD, IL | $585,508,000 |
| 2009-12-18 | ROCKBRIDGE COMMERCIAL BANK | ATLANTA, GA | $294,024,000 |
| 2009-12-18 | CITIZENS STATE BANK | NEW BALTIMORE, MI | $168,551,000 |
| 2009-12-11 | SOLUTIONSBANK | OVERLAND PARK, KS | $511,103,000 |
| 2009-12-11 | REPUBLIC FEDERAL BANK, N.A. | MIAMI, FL | $433,011,000 |
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