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Feb. 24, 2010

BANKING

SAN DIEGO - Pasadena-based OneWest Bank FSB has assumed all of he deposits of La Jolla Bank FSB, which was shut down by federal regulators on Feb. 19. When the Office of Thrift Supervision closed the institution and appointed the Federal Deposit Insurance Corp. as receiver, the agency entered into an agreement with OneWest Bank for the buyer to take over the 10 branches of the failed institution and all of its assets. As of Dec. 31, 2009, La Jolla Bank had $3.6 billion in total assets and $2.8 billion in total deposits.

SAN DIEGO - Pasadena-based OneWest Bank FSB has assumed all of he deposits of La Jolla Bank FSB, which was shut down by federal regulators on Feb. 19.

When the Office of Thrift Supervision closed the institution and appointed the Federal Deposit Insurance Corp. as receiver, the agency entered into an agreement with OneWest Bank for the buyer to take over the 10 branches of the failed institution and all of its assets.

As of Dec. 31, 2009, La ...

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