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Crocker Buys Insolvent San Diego Bank in Deal
Crocker National Bank completed a purchase of the insolvent San United States National Bank of San Diego, absorbing 801 million in liabilities and 830 million in assets. The deal, approved by federal regulators, includes FDIC involvement and a sale of Crocker stock to support capital requirements, extending Crocker’s footprint to more than 360 branches across California. The Comptroller and FDIC cited prior supervisory actions and disclosed links to related investigations involving executives.
MENTIONED IN THIS ARTICLE
SAN Francis National Bank
San Liew Bank
Tormerl
Arnibolt Smith
Nixon
United States Comptraller
Currenes Minuit
Uii
States National Bank of Say Dewy
Stile
Swuthersaidlorma
Whuesday
Crocker Fir
San Diego
Pederal Deposit Insurance Corp
Cheirman Frank Wille
Jam Smith
Nisan Asspetie
Aleoholr Smith
Vna Securities
Exchine Conmission SC Kiistat
PTC Brie Af
Thorstien
Timimrial
Assis
Hugh! Crocker Fay
Vie
Premiaar
Vance Cracker