Bank Failure
PFF Bank & Trust
BankRegReports is independent of PFF Bank & Trust and never asks for online banking logins or passwords.
Closed November 21, 2008 · Pomona, CA · FDIC Cert #28344.
- Closing date
- November 21, 2008
- Headquarters
- Pomona, CA
- FDIC Certificate
- 28344
- Total assets at closing
- $3.72B
- Total deposits at closing
- $2.39B
- Estimated loss to the insurance fund
- $258.8M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- U.S. Bank, N.A.
Context
On November 21, 2008, regulators closed PFF Bank & Trust, headquartered in Pomona, CA. At closing, the institution held approximately $3.72B in assets and $2.39B in deposits. The FDIC record names U.S. Bank, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $258.8M.
By assets at closing this is the 54th largest of the 3,526 bank failures in the FDIC record, and the 5th of 25 in 2008. 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 PFF Bank & Trust fail?
PFF Bank & Trust was closed by regulators on November 21, 2008.
Who acquired PFF Bank & Trust?
The FDIC record names U.S. Bank, N.A. as the acquiring institution in the resolution of PFF Bank & Trust.
How big was PFF Bank & Trust when it failed?
PFF Bank & Trust had approximately $3.72B in total assets and $2.39B in deposits at the time of failure.
Other failures in 2008
| Date | Bank | Assets |
|---|---|---|
| Dec 12, 2008 | Haven Trust Bank | $559.6M |
| Dec 12, 2008 | Sanderson State Bank | $38.2M |
| Dec 5, 2008 | First Georgia Community Bank | $256.4M |
| Nov 21, 2008 | Downey Savings and Loan Association, F.A. | $12.78B |
| Nov 21, 2008 | The Community Bank | $634.9M |
| Nov 7, 2008 | Franklin Bank, SSB | $5.09B |
| Nov 7, 2008 | Security Pacific Bank | $528.0M |
| Oct 31, 2008 | Freedom Bank | $270.8M |
Explore: all failures · CA bank events · 2008 events · events hub