Bank Failure
Tamalpais Bank
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Closed April 16, 2010 · San Rafael, CA · FDIC Cert #33493.
- Closing date
- April 16, 2010
- Headquarters
- San Rafael, CA
- FDIC Certificate
- 33493
- Total assets at closing
- $611.5M
- Total deposits at closing
- $457.2M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Union Bank, N.A.
Context
On April 16, 2010, regulators closed Tamalpais Bank, headquartered in San Rafael, CA. At closing, the institution held approximately $611.5M in assets and $457.2M in deposits. The FDIC record names Union Bank, N.A. as the acquiring institution in the resolution.
By assets at closing this is the 318th largest of the 3,526 bank failures in the FDIC record, and the 35th of 157 in 2010. 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 Tamalpais Bank fail?
Tamalpais Bank was closed by regulators on April 16, 2010.
Who acquired Tamalpais Bank?
The FDIC record names Union Bank, N.A. as the acquiring institution in the resolution of Tamalpais Bank.
How big was Tamalpais Bank when it failed?
Tamalpais Bank had approximately $611.5M in total assets and $457.2M in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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