Bank Failure #20 for 2010: La Jolla Bank, FSB, California

La Jolla Bank one was fairly big and has been offering their accounts nationwide. From the FDIC press release

To protect the depositors, the FDIC entered into a purchase and assumption agreement with OneWest Bank, FSB, Pasadena, California, to assume all of the deposits of La Jolla Bank, FSB.

Interesting to see OneWest (formerly IndyMac) acquire another sizable CA bank.

Stay tuned for my bank failure summary post. I just uncovered something very interesting about the Texas bank that failed earlier today.