Calculated Risk: Bank Failure #140: First Federal Bank of California, Santa Monica, California.
FDIC posted this message on the First Federal website:
On Friday, December 18, 2009, First Federal Bank of California, a Federal
Savings Bank (First Federal Bank of California), Santa Monica,
CA was closed by the Office of Thrift Supervision. Subsequently,
the Federal
Deposit Insurance Corporation (FDIC) was
named Receiver. No advance notice is given to the public when a
financial institution is closed.All deposit accounts have been transferred to OneWest Bank, FSB,
Pasadena, CA. For more information on OneWest Bank, FSB, visit us at
www.owb.com.The FDIC has assembled useful information regarding your relationship
with First Federal Bank of California. Besides a checking
account, you may have Certificates of Deposit, a business checking
account, a Social Security direct deposit, and other relationships with the institution.Please select the link below to read more about this event:
FDIC Bank Closing Information for First Federal Bank of California
QuantumTom 