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Sonoma Valley Bank Of California One Of Eight Banking Failures For The Week

August 21, 2010 By Bill Zielinski Leave a Comment

August 20, 2010 – Sonoma Valley Bank, Sonoma, California, was closed today and the FDIC appointed as receiver.  To protect depositors, the FDIC sold failed Sonoma Valley Bank to Westamerica Bank, San Rafael, California, which will assume all deposits and purchase essentially all assets of Sonoma Valley Bank. <!– /* Font Definitions */ @font-face {font-family:Calibri; […]

Filed Under: Bank Failure, Banking News, Failed Banks, FDIC, problem banks Tagged With: 118th banking failure of the year, Sonoma Valley Bank fails, Westamerica Bank buys Sonoma Valley

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