Data / Bank failures / 2009 / 1ST Centennial Bank
1ST Centennial Bank, Redlands, CA: failed January 23, 2009
1ST Centennial Bank in Redlands, California, failed on January 23, 2009. First California Bank of Westlake Village, CA, took over its deposits. It held $798 million in assets and $678.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $136 million (17% of its assets). By assets it was the 42nd largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- January 23, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- First California Bank, Westlake Village, CA
- Total assets
- $797,959,000
- Total deposits
- $678,570,000
- Estimated cost to the FDIC
- $136,041,307 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 33025
Other bank failures in California, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Citizens Bank of Northern California | Nevada City | September 23, 2011 | $288.8 million | $253.1 million | $40.9 million | Tri Counties Bank |
| Charter Oak Bank | Napa | February 18, 2011 | $120.8 million | $105.3 million | $20.1 million | Bank of Marin |
| San Luis Trust Bank, FSB | San Luis Obispo | February 18, 2011 | $332.6 million | $272.2 million | $72.9 million | First California Bank |
| Canyon National Bank | Palm Springs | February 11, 2011 | $210.9 million | $205.3 million | $15.6 million | Pacific Premier Bank |
| Western Commercial Bank | Woodland Hills | November 5, 2010 | $98.6 million | $101.1 million | $16.9 million | First California Bank |
| First Vietnamese American Bank | Westminster | November 5, 2010 | $48 million | $47 million | $14.3 million | Grandpoint Bank |
| Butte Community Bank | Chico | August 20, 2010 | $498.8 million | $471.3 million | $1.7 million | Rabobank, National Association |
| Los Padres Bank | Solvang | August 20, 2010 | $866.5 million | $770.9 million | $3.4 million | Pacific Western Bank |
Other failed banks First California Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| San Luis Trust Bank, FSB | San Luis Obispo | CA | February 18, 2011 | $332.6 million | $272.2 million | $72.9 million | First California Bank |
| Western Commercial Bank | Woodland Hills | CA | November 5, 2010 | $98.6 million | $101.1 million | $16.9 million | First California Bank |
All bank failures in 2009 · All bank failures in California · Every failed bank First California Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.