Data / Bank failures / 2010 / Western Commercial Bank
Western Commercial Bank, Woodland Hills, CA: failed November 5, 2010
Western Commercial Bank in Woodland Hills, California, failed on November 5, 2010. First California Bank of Westlake Village, CA, took over its deposits. It held $98.6 million in assets and $101.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $16.9 million (17.2% of its assets). By assets it was the 122nd largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- November 5, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First California Bank, Westlake Village, CA
- Total assets
- $98,635,000
- Total deposits
- $101,127,000
- Estimated cost to the FDIC
- $16,943,138 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 58087
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 |
| 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 |
|---|---|---|---|---|---|---|---|
| San Luis Trust Bank, FSB | San Luis Obispo | CA | February 18, 2011 | $332.6 million | $272.2 million | $72.9 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 2010 · 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.