Showing posts with label deposits. Show all posts
Showing posts with label deposits. Show all posts

Friday, December 3, 2010

CenterState Bank of Florida, National Association, Winter Haven, Florida, acquires all Florida two Banks deposits


Press Releases
CenterState Bank of Florida, National Association, Winter Haven, Florida, acquires all Florida two Banks deposits
Community Central Bank Bartow, Bartow and independent Central Bank, Naples

AS SOON AS THE PUBLICATION OF THE
20. August 2010
Media Contact:
Greg Hernandez
Phone: (202) 898-6984
Cell: (202) 340-4922
Email: ghernandez@fdic.gov


Community Bartow, Bartow, Florida, and independent Central Bank, Naples, Florida, At the National Bank was closed today, the currency that was then the Federal Deposit Insurance Corporation (FDIC), the two banks of the receiver as the Chief Financial Officer of the Agency. Depositors, the FDIC entered into a purchase and assumption agreement CenterState Bank National Association, Florida, Winter Haven, Florida, all deposits and substantially all the assets of two failed banks, which are linked.


In conjunction with the failed banks operate five branches again as branches CenterState Bank of Florida, n.a. pursuant to those of a normal business hours, including the offices hours on Saturday.Bartow Community At the National Bank is one of the branch and an independent Central Bank has four branches.Depositors will appear automatically in the depositors gynexin results
CenterState Bank of Florida, are not subject to FDIC insured deposits continue, so there is no need for customers to change banking relationships to conserve their deposit insurance coverage.


Two failed banks customers should continue to use their former branches before they receive communication CenterState Bank of Florida, n.a., that it is complete, so that other CenterState Bank of Florida, n.a. branches account for changes in the systems. Over the weekend the depositors to provide cash checks in writing or using ATM or debit card cards. further the Bank's Loan. customers should continue their for the purpose of effecting payments in the usual manner.


30 June 2010 At Bartow community Central Bank total assets was 67.9 million dollars and a total of deposits 63.7 million, and an independent Central Bank had total assets of $ 156.2 million and total deposits 141.9 million dollars.CenterState Bank of Florida, n.a. paid no FDIC premium two failed banks deposits.


FDIC and CenterState Bank of Florida, n.a. became the LGD entries 51.9 million dollar community Central Bank At Bartow's resources; and an independent National Bank funds 119.7 million dollars.CenterState Bank of Florida, n.a. share loan losses asset pools LGD within the scope of the agreement.Loss-to-GDP ratio is projected to maximise the return on the transaction to keep the assets covered by the private sector are also expected to the transaction. loan customers to reduce disturbances.For more information about the LGD, please visit: http://www.fdic.gov/bank/individual/failed/lossshare/index.html.


Customers who have questions about days events call free of charge from the FDIC toll: Community Central Bank customers At Bartow, 1-800-450-5668; and an independent Central Bank customers, 1-800-913-3058. phone numbers ready to operate in the evening until 9: 00 p.m. eastern daylight time; Saturday-9: 00 a.m. 6: 00 p.m. EDT on Sunday, April 26, 2009 at 6: 00 p.m. EDT; up to and after 8: 00 a.m. 8: 00 p.m. EDT.


Interested parties also visit the FDIC's Web site (s): the community Central Bank At Bartow, http://www.fdic.gov/bank/individual/failed/cnbbartow.html; and for Independent central banks, http://www.fdic.gov/bank/individual/failed/inatbank.html.


FDIC estimates that the cost-Deposit Insurance fund (DIF) for the community Central Bank At Bartow is 10,3 million dollars, and for Independent central banks, 23.2 million dollar. other options, Florida, as compared to Bank n.a. 's CenterState acquisition was the cheapest, the accuracy of the FDIC DATA INTERCHANGE FORMAT.


These closures will lead to an increase in the total number of years the nation and the twenty-first and twenty-second Florida banks 112. These failures before the latter FDIC insured with the institution closed was the Bayside savings bank, Port Saint Joe, 30.July 2010.

# # #


Congress created the Federal Deposit Insurance Corporation to restore the public's confidence in the nation of the banking system of the 1933. deposits FDIC takaatte successful nation 7,932 banks and savings associations and it contributes to the stability and security by identifying, monitoring and deal with risks for which they are exposed to the FDIC may not. federal tax dollars – the insured financial institutions to finance their activities.


FDIC press releases and other information is electronically available on the Internet at www.fdic.gov order (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained from the FDIC's Public Information Center (877-275-3342 or 703-562-2200).PR-191-2010

Friday, October 1, 2010

First Midwest Bank, Itasca, Illinois, is responsible for all deposits and Palos Bank Trust Company, Palos Heights, Illinois


Press Releases
First Midwest Bank, Itasca, Illinois, is responsible for all deposits and Palos Bank Trust Company, Palos Heights, Illinois

AS SOON AS THE PUBLICATION OF THE
13. August 2010
Media Contact:
David Barr
Office phone: (202) 898-6992
Mobile phone: (703) 622-c(2006) 4790
Email: dbarr@fdic.gov

Palos Bank and Trust Company, Palos Heights, Illinois, has ended today, the Illinois Department of financial and professional regulation, Division of Banking, appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. depositors, purchase and assumption agreement with first Midwest Bank, Itasca, Illinois, to assume all deposits and Palos Bank Trust Company became the FDIC.


Five branches in Palos Bank and Trust Company again on Saturday as the first Midwest bank depositors of the bank branches. Palos and Trust Company is automatically set to the First Midwest Bank depositors. FDIC insured lose man boobs Deposits continue, so there is no need for customers to change banking relations between them in order to preserve the deposit insurance coverage. Palos customers of that Bank and Trust Company should continue to use the existing branch, before they receive the communication First Midwest Bank that it is complete, so that other branches of the first Midwest bank account for the changes to the systems.


This evening and over the weekend, the depositors of the Bank and Trust Company Palos to spend money in writing checks or using ATM or debit card cards. handled for the Bank to carry out checks. Loan customers should continue their for the purpose of effecting payments in the usual manner.


30. June 2010, the Bank and Trust Company Palos was approximately 493.4 million dollar assets and 467.8 million in total deposits.First Midwest Bank shall pay to the FDIC 1,0% assumed all deposits and Palos Bank Trust Company premium.In addition to assuming all of the deposits of the failed Bank, first Midwest Bank agreed to purchase substantially all the assets.


Midwest first Bank and FDIC entered the LGD of a transaction, 343.8 million-dollar Bank and Trust company's Palos property.First Midwest Bank share loan losses asset pools LGD within the scope of the agreement.Loss-to-GDP ratio is projected to maximise the return on the transaction to keep the assets covered by the private sector are also expected to the transaction. loan customers to reduce disturbances.For more information about the LGD, please visit: http://www.fdic.gov/bank/individual/failed/lossshare/index.html.


Customers who have questions about today's event can call the FDIC toll free 1-800-913-3053. phone number: 00-functional 9 p.m., Central Daylight Time (Centre), until the evening of Saturday-9: 00 a.m. 6: 00 p.m., the translation Centre for bodies of the European Union; on Sunday, April 26, 2009 at 6: 00 p.m., the translation Centre for bodies of the European Union; and after 8: 00 a.m. 8: 00 p.m., the translation Centre for bodies of the European Union. interested parties may also visit the FDIC's Web site at http://www.fdic.gov/bank/individual/failed/palosbank.html.


FDIC estimates that Deposit Insurance (DIF)-cost is 72.0 million dollar. compared to in any other way, the first Midwest Bank acquisition was the cheapest, the accuracy of the FDIC DIF. Palos Bank and Trust Company to face the nation this year, the FDIC-insured institution 110th and fourteenth, Illinois Last FDIC insured institution. closed was Ravenswood Bank, Chicago, 6.August 2010.

# # #

Congress created the Federal Deposit Insurance Corporation to restore the public's confidence in the nation of the banking system of the 1933. deposits FDIC takaatte successful nation 7,932 banks and savings associations and it contributes to the stability and security by identifying, monitoring and deal with risks for which they are exposed to the FDIC may not. federal tax dollars – the insured financial institutions to finance their activities.


FDIC press releases and other information is electronically available on the Internet at www.fdic.gov order (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained from the FDIC's Public Information Center (877-275-3342 or 703-562-2200).PR-189-2010

Tuesday, September 28, 2010

Pacific Western Bank, San Diego, California, is responsible for all deposits Los Padres Bank, Solvang, California


Press Releases
Pacific Western Bank, San Diego, California, is responsible for all deposits Los Padres Bank, Solvang, California

AS SOON AS THE PUBLICATION OF THE
20. August 2010
Media Contact:
Greg Hernandez
Phone: (202) 898-6984
Cell: (202) 340-4922
Email: ghernandez@fdic.gov

Los Padres Bank, Solvang, California, has ended today, the Office of Thrift Supervision, which the German Deposit Insurance Corporation (FDIC) as receiver appointed. depositors, purchase and assumption agreement with the Pacific Western Bank, San Diego, California, to assume all deposits Los Padres Bank became the FDIC.

14 branches open bank Los Padres on Monday as the Pacific Western Bank branches of the Bank's depositors Indians. Los is automatically entered into the Pacific Western Bank depositors. FDIC insured Deposits continue, so there is no need for customers to change banking relations between them in order to preserve the deposit insurance coverage. Los Padres bank customers should continue to use the existing branch, before they receive communication in the Pacific Western Bank, that it is complete, so that other Pacific Western Bank branches account for changes in the systems.

This evening and over the weekend, the Bank uses the depositors Los Padres money checks in writing or using ATM or debit card cards. handled for the Bank to carry out checks.Loan customers should continue their for the purpose of effecting payments in the usual manner.

30. June 2010 Los Padres Bank had approximately 870.4 million dollar assets and the 770.7 million in total deposits.Pacific Western Bank shall pay to the FDIC 0,45% assumed all deposits Los Padres Bank premium.In addition to assuming all of the failed bank's deposits, Pacific Western BANK agreed to purchase substantially all the assets.

FDIC and Pacific Western Bank became the LGD of a transaction, 579.8 million dollar Los Indians of EIB funds.Pacific Western Bank share loan losses asset pools LGD within the scope of the agreement.Loss-to-GDP ratio is projected to maximise the return on the transaction to keep the assets covered by the private sector are also expected to the transaction. loan customers to reduce disturbances.For more information about the LGD, please visit: http://www.fdic.gov/bank/individual/failed/lossshare/index.html.

Customers who have questions about today's event can call the FDIC toll free 1-800-640-2751. phone number: 00-functional 9 p.m., Pacific Daylight Time (PDT) until the evening of Saturday-9: 00 a.m. 6: 00 p.m. PDT, on Sunday, at 6: 00 p.m., PDT, and 8: 00 a.m. 8: 00 p.m., PDT. interested parties may also visit the FDIC's Web site at http://www.fdic.gov/bank/individual/failed/lospadres.html.

FDIC estimates that Deposit Insurance (DIF)-cost is 8,7 million dollars compared to other options., Pacific Western Bank acquisition was the cheapest, the accuracy of the FDIC DIF. Los Padres Bank is FDIC insured with the institution in the territory of the Union to face the nation this year and in California Last 9th FDIC insured institution. closed was District Community Bank Chico, earlier today.

# # #

Congress created the Federal Deposit Insurance Corporation to restore the public's confidence in the nation of the banking system of the 1933. deposits FDIC takaatte successful nation 7,932 banks and savings associations and it contributes to the stability and security by identifying, monitoring and deal with risks for which they are exposed to the FDIC may not. federal tax dollars – the insured financial institutions to finance their activities.

FDIC press releases and other information is electronically available on the Internet at www.fdic.gov order (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained from the FDIC's Public Information Center (877-275-3342 or 703-562-2200).PR-195-2010

Monday, September 20, 2010

Rabobank, National Association, El Centro, California, acquires all deposits of two Banks in California


Press Releases
Rabobank, National Association, El Centro, California, acquires all deposits of two Banks in California
Butte Community Bank, Chico and Pacific State Bank, Stockton

AS SOON AS THE PUBLICATION OF THE
20. August 2010
Media Contact:
Greg Hernandez
Phone: 202) 898-6984
Cell: (202) 340-4922
Email: ghernandez@fdic.gov


Chico, California, Pacific State Bank, Stockton, California, Butte Community Bank is closed today by the California Department of financial institutions, which then was appointed receiver of two banks, the Federal Deposit Insurance Corporation (FDIC). depositors, FDIC entered into a purchase and assumption agreement Rabobank, National Association, El Centro, California, all deposits and substantially all the assets of two failed banks, which are linked.


In conjunction with the failed banks operating in 23 branches, which opened as the Rabobank, National Association of normal business hours, including Saturday hours of those establishments, branches. Butte Community Bank has 14 branches and Pacific State Bank has nine branches.Depositors will appear automatically in the depositors of the Rabobank, National Association.FDIC insured Deposits continue, so there is no need for customers to change banking relationships to conserve their deposit insurance coverage.


Two failed banks customers should continue to use their former branches Pink Car Seat Covers before they receive communication in the framework of the Rabobank, National Association, that it is a ready-to-use systems changes, so that other Rabobank National Association also for its branches. Over the weekend the depositors to provide cash checks in writing or using ATM or debit card cards. further the Bank's Loan. customers should continue their for the purpose of effecting payments in the usual manner.


30. June 2010, the District Community Bank had total assets of $ 498.8 million and total deposits 471.3 million, and Pacific State Bank had total assets of $ 312.1 million and total deposits 278.8 million dollars.Rabobank, National Association shall pay the FDIC 4.05% to assume all deposits District Community Bank premium, but it did not pay the premium with the Pacific FDIC State Bank.


FDIC and Rabobank, National Association became the LGD events 425.4 million dollars in the Bank's District of Community funds; and 249.7 million dollar Pacific State of EIB funds.Rabobank, National Association share the determination of asset pools LGD within the scope of the agreement.Loss-to-GDP ratio is projected to maximise the return on the transaction to keep the assets covered by the private sector are also expected to the transaction. loan customers to reduce disturbances.For more information about the LGD, please visit: http://www.fdic.gov/bank/individual/failed/lossshare/index.html.


Customers who have questions about days events call toll free: FDIC District community bank customers, 1-800-450-5417; and Pacific State Bank customers, 1-800-640-2693. phone numbers ready to operate in the evening until 9: 00 p.m. Pacific Daylight Time; 6: 00 p.m. PDT-9: 00 a.m., Saturday, Sunday, at 6: 00 p.m. PDT; up to and after 8: 00 a.m. 8: 00 p.m. PDT.


Interested parties also visit the FDIC's Web site (s): Butte Community Bank, http://www.fdic.gov/bank/individual/failed/butte.html; and Pacific State Bank, http://www.fdic.gov/bank/individual/failed/pacificbk.html.


FDIC estimates that the cost-Deposit Insurance fund (DIF) Butte Community Bank is 17,4 million dollars, and Pacific State Bank, 32.6 million dollar. other options, Rabobank, compared to the National Association of acquisition was the cheapest, the accuracy of the FDIC DATA INTERCHANGE FORMAT.


These closures will lead to an increase in the total number of banks in 116 of the nation and the seventh and eighth in California. these failures before the last FDIC insured bank closed was Granite Community Bank, National Association, Granite Bay, 28.until May 2010.

# # #


Congress created the Federal Deposit Insurance Corporation to restore the public's confidence in the nation of the banking system of the 1933. deposits FDIC takaatte successful nation 7,932 banks and savings associations and it contributes to the stability and security by identifying, monitoring and deal with risks for which they are exposed to the FDIC may not. federal tax dollars – the insured financial institutions to finance their activities.


FDIC press releases and other information is electronically available on the Internet at www.fdic.gov order (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained from the FDIC's Public Information Center (877-275-3342 or 703-562-2200).PR-194-2010

Salt Lake City Bank and Trust Company, Salt Lake City, Illinois, reply to all, Ravenswood Bank deposits, Chicago, Illinois


Press Releases
Salt Lake City Bank and Trust Company, Salt Lake City, Illinois, reply to all, Ravenswood Bank deposits, Chicago, Illinois

AS SOON AS THE PUBLICATION OF THE
6. August 2010
Media Contact:
Greg Hernandez (202) 898-6984
Cell: (202) 340-4922
Email: ghernandez@fdic.gov

Ravenswood Bank, Chicago, Illinois, has ended today, the Illinois Department of financial and Professional regulation, Division of Banking, appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Depositors, purchase and assumption agreement, Salt Lake City Bank and Trust Company, Salt Lake City, Illinois, it is assumed that all deposits Ravenswood Bank FDIC.

Ravenswood Bank two branch open on Saturday as the Salt Lake City Bank and Trust Company. Ravenswood Bank depositors will appear automatically in the depositors of the Salt Lake City Bank and Trust Company FDIC insured Deposits continue., so there is no need for customers to change banking relations between them in order to preserve the deposit insurance coverage.Ravenswood Bank customers should continue to use the existing branch, before they receive notice in Salt Lake City Bank and Trust Company, that it is complete, so that other Salt Lake City Bank and Trust Company branches account for changes in the systems.

This evening and over the weekend, the depositors of the Ravenswood Bank uses money in writing checks or using ATM or debit card cards.Further Bank. Loan customers should continue their for the purpose of effecting payments in the usual manner.

30. June 2010, Ravenswood Bank had approximately 264.6 million dollar assets and the 269.5 million euro in total deposits. Salt Lake City Bank and Trust Company to pay the FDIC 0.90% of the premium, Ravenswood Bank-brokered deposits.In addition to the assumption of a failed Bank-brokered deposits, Salt Lake City Bank and Trust Company decided to purchase substantially all the assets.

FDIC and Salt Lake City Bank and Trust Company became the LGD 161.3 million dollar transaction, Ravenswood Bank funds. Salt Lake City Bank and Trust Company share loan losses asset pools LGD within the scope of the agreement.Loss-to-GDP ratio is projected to maximise the return on the transaction to keep the assets covered by the private sector.The event of serious internal disturbances affecting the maintenance loan customers are also expected to curtail. LGD for more information, please visit: http://www.fdic.gov/bank/individual/failed/lossshare/index.html.

Customers who have questions about today's event can call the FDIC toll free 1-800-430-7974. phone number: 00-functional 9 p.m., Central Daylight Time (Centre), until the evening of Saturday-9: 00 a.m. 6: 00 p.m., the translation Centre for bodies of the European Union; on Sunday, April 26, 2009 at 6: 00 p.m., the translation Centre for bodies of the European Union; and after 8: 00 a.m. 8: 00 p.m., the translation Centre for bodies of the European Union. interested parties may also visit the FDIC's Web site at http://www.fdic.gov/bank/individual/failed/ravenswood.html.

FDIC estimates that the cost of Deposit Insurance (DIF), 68,1 million dollars is. compared to the other options, Salt Lake City Bank and Trust Company acquisition was the cheapest, the accuracy of the FDIC DIF Ravenswood Bank has to face. the nation this year, the FDIC insured with the institution and 109th thirteenth, Illinois Last FDIC insured institution. closed was Arcola Homestead savings bank, Arcola, 4 June 2010.

# # #

Congress created the Federal Deposit Insurance Corporation to restore the public's confidence in the nation of the banking system of the 1933. deposits FDIC takaatte successful nation 7,932 banks and savings associations and it contributes to the stability and security by identifying, monitoring and deal with risks for which they are exposed to the FDIC may not. federal tax dollars – the insured financial institutions to finance their activities.

FDIC press releases and other information is electronically available on the Internet at www.fdic.gov order (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained from the FDIC's Public Information Center (877-275-3342 or 703-562-2200).PR-181-2010

Monday, September 13, 2010

Urban partnership Bank, Chicago, Illinois, reply to all, ShoreBank, Chicago, Illinois deposits


Press Releases
Urban partnership Bank, Chicago, Illinois, reply to all, ShoreBank, Chicago, Illinois deposits

AS SOON AS THE PUBLICATION OF THE
20. August 2010
Media Contact:
David Barr
Phone: 202) 898-6992
Cell: (703) 622-c(2006) 4790
Email: dbarr@fdic.gov

ShoreBank, Chicago, Illinois, has ended today, the Illinois Department of financial and professional regulation, to be appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. depositors, purchase and assumption agreement with Urban partnership Bank, Chicago, Illinois, recently vessels chartered institution assumes that all FDIC ShoreBank deposits came.

ShoreBank 15 branches open than Urban partnership Bank-Detroit, Michigan, and Cleveland, Ohio, those of a normal business hours, including Saturday hours in accordance with the said establishments. branches of depositors is automatically set to the depositors of the ShoreBank Urban partnership Bank. FDIC insured Deposits continue, so there is no need for customers to change banking relations between them in order to preserve the deposit insurance coverage.ShoreBank customers should continue to use existing branch, before they receive communication in the framework of the Urban partnership Bank that it is a ready-to-use systems changes.

This evening and over the weekend, the depositor in writing to provide cash checks ShoreBank or by using ATM or debit card cards. handled for the Bank to carry out checks.Loan customers should continue their for the purpose of effecting payments in the usual manner.

30. June 2010, ShoreBank was about 2.16 billion dollar assets and the 1.54 billion dollars in total deposits.Urban partnership the Bank shall pay to the FDIC 0.50% to assume all the premium ShoreBank deposits.In addition to assuming all of the deposits of the failed Bank, Urban partnership Bank agree to purchase substantially all the assets, except in the case of marketable securities and fixed assets.

Urban partnership between the Bank and the FDIC entered the LGD of a transaction, 1.41 billion u.s. dollars of funds ShoreBank. Urban partnership Bank share loan losses asset pools within the scope of the agreement the LGD. LGD to help maximize the return on the transaction is expected to keep the assets covered by the private sector.The event of serious internal disturbances affecting the maintenance of the loan are also expected to reduce customers.For more information about the LGD, please visit: http://www.fdic.gov/bank/individual/failed/lossshare/index.html.

Customers who have questions about today's event can call the FDIC toll free 1-800-523-8503. phone number: 00-functional 9 p.m., Central Daylight Time (Centre), until the evening of Saturday-9: 00 a.m. 6: 00 p.m., the translation Centre for bodies of the European Union; on Sunday, April 26, 2009 at 6: 00 p.m., the translation Centre for bodies of the European Union; and after 8: 00 a.m. 8: 00 p.m., the translation Centre for bodies of the European Union. interested parties may also visit the FDIC's Web site at http://www.fdic.gov/bank/individual/failed/shorebank.html.

FDIC estimates that the cost of Deposit Insurance (DIF), is 367.7 million dollars compared to other options., Urban partnership from the Bank's acquisition was the cheapest, the accuracy of the FDIC DIF. ShoreBank is FDIC insured institution 114th-to face the nation this year, and posted, Illinois Last FDIC insured institution. closed was Palos Bank and Trust Company, Palos Heights, 13.August 2010.

Annex:
The page-PDF (PDF help)

# # #

Congress created the Federal Deposit Insurance Corporation to restore the public's confidence in the nation of the banking system of the 1933. deposits FDIC takaatte successful nation 7,932 banks and savings associations and it contributes to the stability and security by identifying, monitoring and deal with risks for which they are exposed to the FDIC may not. federal tax dollars – the insured financial institutions to finance their activities.

FDIC press releases and other information is electronically available on the Internet at www.fdic.gov order (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained from the FDIC's Public Information Center (877-275-3342 or 703-562-2200).PR-193-2010

Sunday, September 12, 2010

Westamerica Bank, San Rafael, California, reply to all, Sonoma Valley Bank deposits, Sonoma, California


Press Releases
Westamerica Bank, San Rafael, California, reply to all, Sonoma Valley Bank deposits, Sonoma, California

AS SOON AS THE PUBLICATION OF THE
20. August 2010
Media Contact:
Greg Hernandez
Phone: (202) 898-6984
Cell: (202) 340-4922
Email: ghernandez@fdic.gov


Sonoma Valley Bank, Sonoma, California, was closed today by the California Department of financial institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. depositors, entered in the purchase and assumption agreement Westamerica Bank, San Rafael, California, to assume that all of the Sonoma Valley Bank deposits FDIC.


Sonoma Valley Bank three branches open Saturday than branches Westamerica Bank depositors Valley Sonoma. the Bank shall automatically Westamerica Bank depositors.FDIC insured Deposits continue, so there is no how to get child custody need for customers to change banking relations between them in order to preserve the deposit insurance coverage.Sonoma Valley Bank customers should continue to use the existing branch, before they receive communication Westamerica Bank that it is complete, so that other branches of the bank account for the Westamerica also systems changes.


This evening and over the weekend, the depositors of the Sonoma Valley, a bank to provide cash the checks in writing or using ATM or debit card cards.Further Bank. Loan customers should continue their for the purpose of effecting payments in the usual manner.


30. June 2010, the Sonoma Valley Bank was around 337.1 million dollar assets and the 255.5 million euro in total deposits.Westamerica Bank to pay 2,0% assumed all deposits Sonoma Valley Bank FDIC premium. in addition to assuming all of the failed bank's deposits, Westamerica Bank agreed to purchase substantially all the assets.


Customers who have questions about today's event can call the FDIC toll free 1-800-913-3062. phone number: 00-functional 9 p.m., Pacific Daylight Time (PDT) until the evening of Saturday-9: 00 a.m. 6: 00 p.m. PDT, on Sunday, at 6: 00 p.m., PDT, and 8: 00 a.m. 8: 00 p.m., PDT. interested parties may also visit the FDIC's Web site at http://www.fdic.gov/bank/individual/failed/sonoma.html.


FDIC estimates that Deposit Insurance (DIF)-cost is 10.1 million dollar compared to other options., Westamerica Bank acquisition was the FDIC DIF. Sonoma Valley Bank cheapest resolution is FDIC insured institution-118th, face the nation this year, and 10th in California Last FDIC insured institution. closed was Los Padres Bank, Solvang, earlier today.

# # #

Congress created the Federal Deposit Insurance Corporation to restore the public's confidence in the nation of the banking system of the 1933. deposits FDIC takaatte successful nation 7,932 banks and savings associations and it contributes to the stability and security by identifying, monitoring and deal with risks for which they are exposed to the FDIC may not. federal tax dollars – the insured financial institutions to finance their activities.


FDIC press releases and other information is electronically available on the Internet at www.fdic.gov order (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained from the FDIC's Public Information Center (877-275-3342 or 703-562-2200).PR-196-2010