Data / Bank failures / 2011 / Citizens Bank of Northern California
Citizens Bank of Northern California, Nevada City, CA: failed September 23, 2011
Citizens Bank of Northern California in Nevada City, California, failed on September 23, 2011. Tri Counties Bank of Chico, CA, took over its deposits. It held $288.8 million in assets and $253.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $40.9 million (14.2% of its assets). By assets it was the 32nd largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- September 23, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Tri Counties Bank, Chico, CA
- Total assets
- $288,765,000
- Total deposits
- $253,079,000
- Estimated cost to the FDIC
- $40,894,852 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 33983
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 |
| 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 Tri Counties Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Granite Community Bank, National Association | Granite Bay | CA | May 28, 2010 | $102.9 million | $94.3 million | $13.2 million | Tri Counties Bank |
All bank failures in 2011 · All bank failures in California · Every failed bank Tri Counties 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.