Bank Failure – Sun West Bank

by CD Rates on May 29, 2010 · 0 comments

in Bank Failures

The FDIC just released a press release stating Sun West Bank have failed.  The bank’s assets will be acquired by City National Bank of Los Angeles, CA.

Your transferred deposits will be separately insured from any accounts you may already have at City National Bank for six months after the failure of Sun West Bank. Checks that were drawn on Sun West Bank that did not clear before the institution closed will be honored as long as there are sufficient funds in the account.
More details can be found on Sun West Bank’s web site.
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