Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
On Friday, August 28, 2009, Affinity Bank, Ventura,
CA was
closed by the California Department of Financial Institutions, and
the Federal Deposit Insurance Corporation (FDIC)
was named Receiver. No advance notice is given to the
public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship with
this institution. Besides a checking
account, you may have Certificates of Deposit, a car loan, a business checking
account, a commercial loan, a Social Security direct deposit, and other relationships
with the institution. The FDIC has compiled the following information,
which should answer many of your questions.
The FDIC has issued a press release
(PR-157-2009) about
the institution's closure. If you represent a media outlet and would
like information about the closure, please contact LaJuan
Williams-Young at 1-202-898-3876.
All deposit accounts, excluding certain brokered deposits, have been transferred
to Pacific Western Bank, San Diego, CA ("assuming
institution")
and will be available immediately. On Saturday, August 29, 2009,
the former San Francisco and San Mateo Offices of Affinity Bank locations will
reopen as branches of Pacific Western Bank. On Monday, August 31, 2009,
all other bank locations will reopen
as branches of Pacific Western Bank.
Your transferred deposits will be separately insured from any accounts
you may already have at Pacific Western Bank for six
months after the failure of Affinity Bank. Checks
that were drawn on Affinity Bank that did not
clear before the institution closed will be honored as long as there are
sufficient funds in the account. If you have questions about your account(s) transferred to the assuming bank, you may speak to an FDIC representative regarding deposit insurance by calling 1-800-640-2631.
For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.
You may withdraw your funds from any transferred
account without an early withdrawal penalty until you enter into a new deposit
agreement with Pacific Western Bank as long as
the deposits are not pledged as collateral for loans. You may view more
information about Pacific Western Bank by visiting their web site.
The Automated Teller Machines (ATM) and online service will remain available.
Service hours for the former branches of Affinity Bank will
remain the same. The San Francisco and San Mateo offices will reopen
on Saturday, August 29, 2009, and all other branches will reopen
on
Monday,
August 31, 2009. The services to which you previously had access, such as,
safe deposit boxes, night deposit boxes, wire services, etc., will be available
as if no change had occurred.
Your checks will be processed as usual. All outstanding checks
will be paid against your available balance(s) as if no change
had occurred. Your new bank will
contact you soon regarding any changes in the terms of your account. If
you have a problem with a merchant refusing to accept your check, please
contact your branch
office. An account representative will
clear up any confusion about the validity of your checks.
All interest accrued through Friday, August 28,
2009,
will be paid at your same rate. Pacific Western Bank will
be reviewing rates. You
will be notified of any changes.
Your automatic direct deposit(s) and/or automatic withdrawal(s) will be
transferred automatically to your new bank. If
you have any questions or special requests, you may contact a representative
of your assuming institution at your
branch office.
If you had a loan with Affinity Bank, you should continue to make your payments as usual. The
terms of your loan will not change, because they are contractually agreed to
in your promissory note. Checks should be made payable as usual and sent to the same address until further
notice. If you have further questions regarding an existing loan, please contact
your loan officer.
For all questions regarding new loans and the lending policies of Pacific Western Bank, please contact your branch office.
If you or your company provided a service or product, leased space, furniture,
or equipment to Affinity Bank after Friday, August 28, 2009 and have not
been paid you do not have a claim against Affinity Bank. Please follow your
normal billing procedures by providing an invoice as instructed.
Claims against failed financial institutions occur when bills sent to the
institution remain unpaid at the time of failure. If you or your company
provided a service or product, leased space, furniture, or equipment to Affinity
Bank prior to Friday, August 28, 2009 and have not been
paid you may be entitled to a claim against the
bank. If you provided a product to or a service for
Affinity Bank prior to the bank's failure for which you have not
been paid and you have not received communication, please
contact:
Federal Deposit Insurance Corporation
Receiver: Affinity Bank 1601 N. Bryan Street Dallas, TX 75201-3430 Attention: Claims Agent
Please note: There are time limits for filing a claim,
your claim must be filed on or before 12/02/2009.
All shares of Affinity Bank were owned by its holding company, Affinity
Bank Holdings, Inc., Ventura, CA. The holding company was not included
in the closing of the bank or the resulting receivership. If
you are a shareholder of Affinity Bank Holdings, Inc., please do not
contact
or file
a claim with the Receiver. You may contact Affinity Bank Holdings, Inc.
directly for information at:
Affinity Bank Holdings, Inc.
101 South Chestnut Street
Ventura, CA 93001
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site
outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance
coverage on custodial accounts deposited in a failed FDIC Insured Institution.
