by Calculated Risk on 2/18/2011 09:14:00 PM
Friday, February 18, 2011
Bank Failure #22 for 2011: San Luis Trust Bank, FSB, San Luis Obispo, California
From the FDIC: First California Bank, Westlake Village, California, Assumes All of the Deposits of San Luis Trust Bank, FSB, San Luis Obispo, California
As of December 31, 2010, San Luis Trust Bank, FSB had approximately $332.6 million in total assets and $272.2 million in total deposits ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $96.1 million. ... San Luis Trust Bank, FSB is the twenty-second FDIC-insured institution to fail in the nation this year