by Calculated Risk on 2/11/2011 09:20:00 PM

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 ...