State Closes Temecula Valley Bank (San Francisco, CA) – The California Department of Financial Institutions (DFI) announced today that regulators have closed Temecula Valley Bank, citing inadequate capital. As of June 30, 2009, Temecula Valley Bank, located in... Read MoreRead more about State Closes Temecula Valley Bank
State Orders Closure and Liquidation of Watts United Credit Union (San Francisco, CA) – The California Department of Financial Institutions (DFI) today announced the closure and liquidation of Watts United Credit Union, Los Angeles, citing insolvency. As of June... Read MoreRead more about State Orders Closure and Liquidation of Watts United Credit Union
Monthly Bulletin Volume 13, Issue 01 – July 2009 Information on How to Bid on a Failing Bank As the headlines have announced, 72 banks nationwide have failed thus far in 2009 and, unfortunately, there are likely to be more. This however, may provide an... Read MoreRead more about DFI Monthly Bulletin – July 2009