Data / Bank failures / 2010 / First Regional Bank
First Regional Bank, Los Angeles, CA: failed January 29, 2010
First Regional Bank in Los Angeles, California, failed on January 29, 2010. First-Citizens Bank & Trust Company of Raleigh, NC, took over its deposits. It held $2.08 billion in assets and $1.66 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $224.1 million (10.8% of its assets). By assets it was the 11th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- January 29, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First-Citizens Bank & Trust Company, Raleigh, NC
- Total assets
- $2,082,684,000
- Total deposits
- $1,664,450,000
- Estimated cost to the FDIC
- $224,134,008 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 23011
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 First-Citizens Bank & Trust Company took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Silicon Valley Bank | Santa Clara | CA | March 10, 2023 | $209.03 billion | $175.38 billion | $18.74 billion | First-Citizens Bank & Trust Company |
| Guaranty Bank | Milwaukee | WI | May 5, 2017 | $1.03 billion | $1.00 billion | $132 million | First-Citizens Bank & Trust Company |
| Harvest Community Bank | Pennsville | NJ | January 13, 2017 | $124.2 million | $122.2 million | $22.2 million | First-Citizens Bank & Trust Company |
| First Cornerstone Bank | King of Prussia | PA | May 6, 2016 | $103.3 million | $101 million | $10.8 million | First-Citizens Bank & Trust Company |
| North Milwaukee State Bank | Milwaukee | WI | March 11, 2016 | $67.1 million | $61.5 million | $11.8 million | First-Citizens Bank & Trust Company |
| Capitol City Bank & Trust Company | Atlanta | GA | February 13, 2015 | $272.3 million | $262.7 million | $95.9 million | First-Citizens Bank & Trust Company |
| Colorado Capital Bank | Castle Rock | CO | July 8, 2011 | $665.8 million | $635.2 million | $254.9 million | First-Citizens Bank & Trust Company |
| Venture Bank | Lacey | WA | September 11, 2009 | $968.4 million | $917.7 million | $201.1 million | First-Citizens Bank & Trust Company |
All bank failures in 2010 · All bank failures in California · Every failed bank First-Citizens Bank & Trust Company 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.