Two more bank closures, now seven on the day

Written by Dave Gallagher | The Bellingham Herald | December 18, 2009

A couple of California banks are closed, making it seven bank closures today and 140 this year. Here are the details:

No. 139: Imperial Bank of La Jolla, Calif. was closed, taken over by City National Bank of Los Angeles. Imperial had nine branches. Estimated cost to the FDIC: $619.2 million.

No. 140: First Federal Bank of Santa Monica, Calif. was closed, taken over by OneWest Bank of Pasadena. First Federal had 39 branches. Estimated cost to the FDIC: $146.3 million.