Failed Bank Information for 1st Pacific Bank of California, San Diego, CA
On Friday, May 7, 2010, 1st Pacific Bank of California was closed by the California Department of Financial Institutions. The FDIC was named Receiver. City National Bank, Los Angeles, CA acquired all deposit accounts.
The FDIC as Receiver for 1st Pacific Bank of California, San Diego, CA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 30, 2021 and has made all dividend distributions required by law.
Effective July 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: July 1, 2022
Publication Date: September 30, 2021
Report on dividends paid
Official press release
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: CITY NATIONAL BANK
About City National Bank
All deposit accounts, excluding certain brokered deposits, were transferred to City National Bank, Los Angeles, CA ("assuming institution"). Former 1st Pacific Bank of California locations reopened as branches of City National Bank.
Your transferred deposits were separately insured from any accounts you may have already had at City National Bank for at least six months after the failure of 1st Pacific Bank of California.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with City National Bank as long as the deposits are not pledged as collateral for loans.
Contacting City National Bank
You can contact City National Bank:
City National Bank
555 S. Flower Street
Los Angeles, CA 90071
City National Bank (www.cnb.com)
Purchase & Assumption Agreement - PDF (7.46 Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank