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Friday, November 05, 2010

Bank Failure #141: Western Commercial Bank, Woodland Hills, California

by Calculated Risk on 11/05/2010 07:09:00 PM

There were 140 failures in 2009. This makes 141 in 2010 ...

Early Cali down.
Western Commercial Bank Fail
Why the rush, Sheila?

by Soylent Green is People

From the FDIC: First California Bank, Westlake Village, California, Assumes All of the Deposits of Western Commercial Bank, Woodland Hills, California
As of September 30, 2010, Western Commercial Bank had approximately $98.6 million in total assets and $101.1 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $25.2 million. ... Western Commercial Bank is the 141st FDIC-insured institution to fail in the nation this year, and the eleventh in California.