Failed Bank Information for Butte Community Bank, Chico, CA
On Friday, August 20, 2010, Butte Community Bank was closed by the California Department of Financial Institutions. The FDIC was named Receiver. Rabobank, National Association, El Centro, CA acquired all deposit accounts.
The FDIC as Receiver for Butte Community Bank, Chico, CA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 5, 2019 and has made all dividend distributions required by law.
Effective May 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: May 1, 2019
Publication Date: February 5, 2019
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: RABOBANK, NATIONAL ASSOCIATION
About Rabobank, National Association
All deposit accounts, including brokered deposits, were transferred to Rabobank, National Association, El Centro, CA ("assuming institution"). Former Butte Community Bank locations reopened as branches of Rabobank, National Association.
Your transferred deposits were separately insured from any accounts you may have already had at Rabobank, National Association for at least six months after the failure of Butte Community Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Rabobank, National Association as long as the deposits are not pledged as collateral for loans.
Contacting Rabobank, National Association
You can contact Rabobank, National Association:
Rabobank, National Association
915 Highland Pointe Drive, Suite 350
Roseville, CA 95678
Rabobank, National Association (www.rabobankamerica.com)
Purchase & Assumption Agreement - PDF (3Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank