Affinity Bank - Ventura, CA

2009 FDIC Insured Failed Banks

August 28, 2009: Affinity Bank, Ventura, CA was closed by the California Department of Financial Institutions. The Federal Deposit Insurance Corporation was named receiver. As of July 10, 2009, Affinity Bank had total assets of $1 billion and total deposits of approximately $922 million.

Successor Bank: The FDIC entered into a purchase and assumption agreement with Pacific Western Bank, San Diego, California, to assume all deposits of Affinity Bank.

Pacific Western Bank
401 West A Street
San Diego, CA 92101
619.437.4466

History:

09/19/1982 - Established as San Francisco Thrift And Loan (NOT FDIC INSURED)
03/14/1988 - Institution became FDIC insured
10/25/1995 - Changed name to Affinity Thrift & Loan
11/22/1999 - Acquired Pacific Thrift And Loan Company - Woodland Hills, California
11/16/2001 - Acquired Westcoast Savings And Loan Association - Seal Beach, California

► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search