Data / Bank failures / 2010 / 1ST Pacific Bank of California
1ST Pacific Bank of California, San Diego, CA: failed May 7, 2010
1ST Pacific Bank of California in San Diego, California, failed on May 7, 2010. City National Bank of Los Angeles, CA, took over its deposits. It held $335.8 million in assets and $291.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6.3 million (1.9% of its assets). By assets it was the 67th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- May 7, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- City National Bank, Los Angeles, CA
- Total assets
- $335,798,000
- Total deposits
- $291,173,000
- Estimated cost to the FDIC
- $6,342,068 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- DIF
- FDIC certificate
- 35517
Other bank failures in California, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Palm Desert National Bank | Palm Desert | April 27, 2012 | $129.3 million | $129 million | $26.3 million | Pacific Premier Bank |
| 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 |
Other failed banks City National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Nevada Commerce Bank | Las Vegas | NV | April 8, 2011 | $135.1 million | $128.6 million | $38.5 million | City National Bank |
| Sun West Bank | Las Vegas | NV | May 28, 2010 | $360.7 million | $353.9 million | $116 million | City National Bank |
| Imperial Capital Bank | La Jolla | CA | December 18, 2009 | $4.05 billion | $2.82 billion | $266.2 million | City National Bank |
| Williamstown Bank, N.A. | Houston | TX | June 2, 1988 | $23 million | $22.7 million | $5.8 million | City National Bank |
All bank failures in 2010 · All bank failures in California · Every failed bank City National 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.