MetroPacific Bank, Irvine, CA
Closing Date: June 26, 2009
Sunwest Bank, Tustin, CA
All deposits, whole bank – Asset Discount of $34 million, Deposit Premium 0%
- There was only one conforming bid for this institution. The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets.
- For more information on the bid disclosure policy, see https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/biddocs.html