Data / Bank failures / 2011 / Canyon National Bank
Canyon National Bank, Palm Springs, CA: failed February 11, 2011
Canyon National Bank in Palm Springs, California, failed on February 11, 2011. Pacific Premier Bank of Costa Mesa, CA, took over its deposits. It held $210.9 million in assets and $205.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $15.6 million (7.4% of its assets). By assets it was the 42nd largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- February 11, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Pacific Premier Bank, Costa Mesa, CA
- Total assets
- $210,859,000
- Total deposits
- $205,285,000
- Estimated cost to the FDIC
- $15,617,298 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 34692
Other bank failures in California, 2009 to 2013
| 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 |
| 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 Pacific Premier Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Palm Desert National Bank | Palm Desert | CA | April 27, 2012 | $129.3 million | $129 million | $26.3 million | Pacific Premier Bank |
All bank failures in 2011 · All bank failures in California · Every failed bank Pacific Premier 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.