Los Padres Bank Of California Collapses – Total Of 8 Failures For The Week

August 20, 2010 – Los Padres Bank, Solvang, California, was closed today and the FDIC appointed as receiver.  To protect depositors, the FDIC sold failed Los Padres Bank to Pacific Western Bank, San Diego, California, which will assume all deposits and purchase essentially all assets of Los Padres. All 14 branches of Los Padres will […]