Failed Bank Information for Sonoma Valley Bank, Sonoma, CA
On August 20, 2010, Sonoma Valley Bank was closed by the California Department of Financial Institutions. The FDIC was named Receiver. Westamerica Bank, San Rafael, CA acquired all deposit accounts.
The FDIC as Receiver for Sonoma Valley Bank, Sonoma, CA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on April 19, 2018 and has made all dividend distributions required by law.
Effective August 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Notice of Termination (www.federalregister.gov)
Effective Date: August 1, 2018
Notice of Intent to Terminate (www.federalregister.gov)
Publication Date: April 19, 2018
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: WESTAMERICA BANK
About Westamerica Bank
All deposit accounts, including brokered deposits, were transferred to Westamerica Bank, San Rafael, CA ("assuming institution"). Former Sonoma Valley Bank locations reopened as branches of Westamerica Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Westamerica Bank for at least six months after the failure of Sonoma Valley Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Westamerica Bank as long as the deposits are not pledged as collateral for loans.
Contacting Westamerica Bank
You can contact Westamerica Bank:
1108 Fifth Avenue
San Rafael, CA 94901
Westamerica Bank (www.westamerica.com)
Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank