Banking Experts & Bank Closures

Money PileBanking experts may opine on mortgage banking, banking regulations, banking industry standards and more.  Here, reports that two banks in California, Western Commercial Bank in Woodland Hills and First Vietnamese American Bank in Westminster were shut down Friday. Their assets will be sold to healthier financial institutions, according to the Federal Deposit Insurance Corp.  Western Commercial had $101.1 million in deposits and First Vietnamese $47 million.

Regulators also closed two larger banks in Maryland and Washington State K Bank, based in Randallstown, Md., had $500.1 million in deposits as of Sept. 30, while Tacoma, WA-based Pierre Commercial Bank totaled $193.5 million in deposits.

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About Karen Olson

Information Professional with twenty years experience in legal, public record, and business research. Fifteen years law firm experience.

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