Failed Bank List

5 failed banks ยท 2009 to 2014

Failed banks taken over by Sunwest Bank

Sunwest Bank of Tustin, California took over five failed banks between 2009 and 2014, the 13th-highest count among the 318 acquirers of that period. Together they reported $559 million in assets and $532 million in deposits at closing. The largest was Syringa Bank, at $153 million. The banks were spread over four states, most in California (2). Three of the deals came in 2009. The first was MetroPacific Bank of Irvine, on June 26, 2009. The FDIC's estimated loss on these failures totals $142 million, a median of 25% of each bank's assets.

Failed banks taken over by Sunwest Bank, by closing date200020052010201520202025Syringa Bank, 2014-01-31Pacific Coast National Bank, 2009-11-13First State Bank, 2009-09-04Westside Community Bank, 2013-01-11MetroPacific Bank, 2009-06-26
Each circle is one failed bank, placed at its closing date; area shows total assets.
Every failed bank it took over, in date order
ClosedBankLocationTotal assetsEst. loss
June 26, 2009MetroPacific BankIrvine, CA$75.3 million$32.2 million
September 4, 2009First State BankFlagstaff, AZ$107 million$49.8 million
November 13, 2009Pacific Coast National BankSan Clemente, CA$131 million$33.5 million
January 11, 2013Westside Community BankUniversity Place, WA$91.9 million$22.9 million
January 31, 2014Syringa BankBoise, ID$153 million$3.5 million

The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.