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Bailout

: Calculated Risk

Bank Failure #18 in 2011: Canyon National Bank, Palm Springs, California

By Anonymous

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From the FDIC: Pacific Premier Bank, Costa Mesa, California, Assumes All of the Deposits of Canyon National Bank, Palm Springs, California
As of December 31, 2010, Canyon National Bank had approximately $210.9 million in total assets and $205.3 million in total deposits ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.0 million. ... Canyon National Bank is the eighteenth FDIC-insured institution to fail in the nation this year, and the first in California.
Four down today ...

Full post as published by Calculated Risk on February 11, 2011 (boomark / email).

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