The FDIC is getting frisky: at 4:55 today it posted the news that it's closing First Regional Bank (Los Angeles), without waiting for business hours to end.
First-Citizens Bank & Trust Company, Raleigh, North Carolina, Assumes All of the Deposits of First Regional Bank, Los Angeles, California
|FOR IMMEDIATE RELEASE
January 29, 2010
Phone: (202) 898-6992
Cell: (703) 622-4790
First Regional Bank, Los Angeles, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First-Citizens Bank & Trust Company, Raleigh, North Carolina, to assume all of the deposits of First Regional Bank.