Data / Bank failures / 2009 / Temecula Valley Bank
Temecula Valley Bank, Temecula, CA: failed July 17, 2009
Temecula Valley Bank in Temecula, California, failed on July 17, 2009. First-Citizens Bank and Trust Company of Raleigh, NC, took over its deposits. It held $1.40 billion in assets and $1.28 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $227.4 million (16.3% of its assets). By assets it was the 32nd largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- July 17, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First-Citizens Bank and Trust Company, Raleigh, NC
- Total assets
- $1,396,622,000
- Total deposits
- $1,276,287,000
- Estimated cost to the FDIC
- $227,400,345 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 34341
Other bank failures in California, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Los Padres Bank | Solvang | August 20, 2010 | $866.5 million | $770.9 million | $3.4 million | Pacific Western Bank |
Other failed banks First-Citizens Bank and Trust Company took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| United Western Bank | Denver | CO | January 21, 2011 | $2.15 billion | $1.54 billion | $133.2 million | First-Citizens Bank and Trust Company |
All bank failures in 2009 · All bank failures in California · Every failed bank First-Citizens Bank and 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.