Bank Failure
San Luis Trust Bank, FSB
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Closed February 18, 2011 · San Luis Obispo, CA · FDIC Cert #34783.
- Closing date
- February 18, 2011
- Headquarters
- San Luis Obispo, CA
- FDIC Certificate
- 34783
- Total assets at closing
- $332.6M
- Total deposits at closing
- $272.2M
- Estimated loss to the insurance fund
- $72.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First California Bank
Context
On February 18, 2011, regulators closed San Luis Trust Bank, FSB, headquartered in San Luis Obispo, CA. At closing, the institution held approximately $332.6M in assets and $272.2M in deposits. The FDIC record names First California Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $72.9M.
By assets at closing this is the 517th largest of the 3,526 bank failures in the FDIC record, and the 28th 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 San Luis Trust Bank, FSB fail?
San Luis Trust Bank, FSB was closed by regulators on February 18, 2011.
Who acquired San Luis Trust Bank, FSB?
The FDIC record names First California Bank as the acquiring institution in the resolution of San Luis Trust Bank, FSB.
How big was San Luis Trust Bank, FSB when it failed?
San Luis Trust Bank, FSB had approximately $332.6M in total assets and $272.2M 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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