San Luis Trust Bank of California Fails And Sold To Bank With Unpaid TARP Loan

San Luis Trust Bank, FSB, San Luis Obispo, California, was closed today by the Office of Thrift Supervision which appointed the FDIC as receiver.  The FDIC sold the failed bank to First California Bank, Westlake Village, California.  First California will assume all deposits of the failed bank. San Luis Trust was beset by a high […]