Bank Failure
Frontier Bank, FSB
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Closed November 7, 2014 · Palm Desert, CA · FDIC Cert #34738.
- Closing date
- November 7, 2014
- Headquarters
- Palm Desert, CA
- FDIC Certificate
- 34738
- Total assets at closing
- $80.7M
- Total deposits at closing
- $76.3M
- Estimated loss to the insurance fund
- $2.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bank of Southern California, N.A.
Context
On November 7, 2014, regulators closed Frontier Bank, FSB, headquartered in Palm Desert, CA. At closing, the institution held approximately $80.7M in assets and $76.3M in deposits. The FDIC record names Bank of Southern California, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $2.9M.
By assets at closing this is the 1333rd largest of the 3,526 bank failures in the FDIC record, and the 10th of 18 in 2014. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Frontier Bank, FSB fail?
Frontier Bank, FSB was closed by regulators on November 7, 2014.
Who acquired Frontier Bank, FSB?
The FDIC record names Bank of Southern California, N.A. as the acquiring institution in the resolution of Frontier Bank, FSB.
How big was Frontier Bank, FSB when it failed?
Frontier Bank, FSB had approximately $80.7M in total assets and $76.3M in deposits at the time of failure.
Other failures in 2014
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 2014 | Northern Star Bank | $18.8M |
| Oct 24, 2014 | The National Republic Bank of Chicago | $843.1M |
| Oct 17, 2014 | NBRS Financial Bank | $155.4M |
| Jul 25, 2014 | Greenchoice Bank, FSB | $70.3M |
| Jul 18, 2014 | Eastside Commercial Bank | $173.9M |
| Jun 27, 2014 | The Freedom State Bank | $22.8M |
| Jun 20, 2014 | Valley Bank | $456.4M |
| Jun 20, 2014 | Valley Bank | $81.8M |
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