Data / Bank failures / 2011 / San Luis Trust Bank, FSB
San Luis Trust Bank, FSB, San Luis Obispo, CA: failed February 18, 2011
San Luis Trust Bank, FSB in San Luis Obispo, California, failed on February 18, 2011. First California Bank of Westlake Village, CA, took over its deposits. It held $332.6 million in assets and $272.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $72.9 million (21.9% of its assets). By assets it was the 28th largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- February 18, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First California Bank, Westlake Village, CA
- Total assets
- $332,596,000
- Total deposits
- $272,216,000
- Estimated cost to the FDIC
- $72,905,959 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 34783
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 |
| 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 First California Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Western Commercial Bank | Woodland Hills | CA | November 5, 2010 | $98.6 million | $101.1 million | $16.9 million | First California Bank |
| 1ST Centennial Bank | Redlands | CA | January 23, 2009 | $798 million | $678.6 million | $136 million | First California Bank |
All bank failures in 2011 · All bank failures in California · Every failed bank First California 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.