Data / Bank failures / 2012 / Palm Desert National Bank
Palm Desert National Bank, Palm Desert, CA: failed April 27, 2012
Palm Desert National Bank in Palm Desert, California, failed on April 27, 2012. Pacific Premier Bank of Costa Mesa, CA, took over its deposits. It held $129.3 million in assets and $129 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $26.3 million (20.4% of its assets). By assets it was the 31st largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- April 27, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Pacific Premier Bank, Costa Mesa, CA
- Total assets
- $129,253,000
- Total deposits
- $129,023,000
- Estimated cost to the FDIC
- $26,330,595 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 23632
Other bank failures in California, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Frontier Bank, FSB | Palm Desert | November 7, 2014 | $80.7 million | $76.3 million | $2.9 million | Bank of Southern California, N.A. |
| 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 Pacific Premier Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Canyon National Bank | Palm Springs | CA | February 11, 2011 | $210.9 million | $205.3 million | $15.6 million | Pacific Premier Bank |
All bank failures in 2012 · 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.