On January 23, 2009, 1st Centennial Bank was closed by the California Department of Financial Institutions (DFI). The FDIC was named Receiver. First California Bank, Westlake Village, CA acquired all deposit accounts.
The FDIC as Receiver for 1st Centennial Bank, Redlands, CA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 11, 2022 and has made all dividend distributions required by law.
Effective April 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
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ACQUIRING INSTITUTION: FIRST CALIFORNIA BANK
About First California Bank
All insured non-brokered deposit accounts were transferred to First California Bank, Westlake Village, CA ("assuming institution"). Former 1st Centennial Bank locations reopened as branches of First California Bank.
Your transferred deposits were separately insured from any accounts you may have already had at First California Bank for at least six months after the failure of 1st Centennial Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with First California Bank as long as the deposits are not pledged as collateral for loans.
Contacting First California Bank
On June 1, 2013, First California Bank merged with Pacific Western Bank, Beverly Hills, CA
You can contact Pacific Western Bank:
Pacific Western Bank
9701 Wilshire Blvd
Beverly Hills, CA 90212
Pacific Western Bank (www.pacwest.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (1Mb)
Agreement between FDIC and acquiring institution