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Bailout
: Calculated RiskBank Failure #141: Western Commercial Bank, Woodland Hills, California
By Anonymous
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.
Full post as published by Calculated Risk on November 05, 2010 (boomark / email).
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