Data / Bank failures / 2010 / La Jolla Bank, FSB
La Jolla Bank, FSB, La Jolla, CA: failed February 19, 2010
La Jolla Bank, FSB in La Jolla, California, failed on February 19, 2010. OneWest Bank, FSB of Pasadena, CA, took over its deposits. It held $3.65 billion in assets and $2.80 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $560.1 million (15.4% of its assets). By assets it was the 3rd largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- February 19, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- OneWest Bank, FSB, Pasadena, CA
- Total assets
- $3,646,071,000
- Total deposits
- $2,799,362,000
- Estimated cost to the FDIC
- $560,147,278 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 32423
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 OneWest Bank, FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Federal Bank of California, A Federal Savings Bank | Santa Monica | CA | December 18, 2009 | $6.14 billion | $4.54 billion | OneWest Bank, FSB | |
| IndyMac Bank F.S.B | Pasadena | CA | July 11, 2008 | $30.70 billion | $18.94 billion | $11.98 billion | OneWest Bank, FSB |
All bank failures in 2010 · All bank failures in California · Every failed bank OneWest Bank, FSB 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.