Bank Failure
Imperial Capital Bank
BankRegReports is independent of Imperial Capital Bank and never asks for online banking logins or passwords.
Closed December 18, 2009 · La Jolla, CA · FDIC Cert #26348.
- Closing date
- December 18, 2009
- Headquarters
- La Jolla, CA
- FDIC Certificate
- 26348
- Total assets at closing
- $4.05B
- Total deposits at closing
- $2.82B
- Estimated loss to the insurance fund
- $266.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- City National Bank
Context
On December 18, 2009, regulators closed Imperial Capital Bank, headquartered in La Jolla, CA. At closing, the institution held approximately $4.05B in assets and $2.82B in deposits. The FDIC record names City National Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $266.2M.
By assets at closing this is the 51st largest of the 3,526 bank failures in the FDIC record, and the 11th of 140 in 2009. 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 Imperial Capital Bank fail?
Imperial Capital Bank was closed by regulators on December 18, 2009.
Who acquired Imperial Capital Bank?
The FDIC record names City National Bank as the acquiring institution in the resolution of Imperial Capital Bank.
How big was Imperial Capital Bank when it failed?
Imperial Capital Bank had approximately $4.05B in total assets and $2.82B in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
| Dec 11, 2009 | Republic Federal Bank, N.A. | $433.0M |
Explore: all failures · CA bank events · Bank failures in California · 2009 events · events hub