Twenty-fourthed ranked Frontier Bank, FSB or Palm Desert, California was closed today by the state regulators. Doing business as El Paseo Bank the approximately $86.4
million in total assets and $82.1 million in total deposits found itself acquired by Bank of Southern California, N.A. (4413th) based in San Diego, California. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF)
will be $4.7 million.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment