Bank Failure
Vineyard Bank, N.A.
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Closed July 17, 2009 · Rancho Cucamonga, CA · FDIC Cert #23556.
- Closing date
- July 17, 2009
- Headquarters
- Rancho Cucamonga, CA
- FDIC Certificate
- 23556
- Total assets at closing
- $1.64B
- Total deposits at closing
- $1.53B
- Estimated loss to the insurance fund
- $278.6M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- California Bank & Trust
Context
On July 17, 2009, regulators closed Vineyard Bank, N.A., headquartered in Rancho Cucamonga, CA. At closing, the institution held approximately $1.64B in assets and $1.53B in deposits. The FDIC record names California Bank & Trust as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $278.6M.
By assets at closing this is the 138th largest of the 3,526 bank failures in the FDIC record, and the 20th 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 Vineyard Bank, N.A. fail?
Vineyard Bank, N.A. was closed by regulators on July 17, 2009.
Who acquired Vineyard Bank, N.A.?
The FDIC record names California Bank & Trust as the acquiring institution in the resolution of Vineyard Bank, N.A.
How big was Vineyard Bank, N.A. when it failed?
Vineyard Bank, N.A. had approximately $1.64B in total assets and $1.53B 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 | Imperial Capital Bank | $4.05B |
| 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 |
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