Failed Bank Report: Claim FDIC Insured Accounts at Failed Banks

Los Padres Bank - Solvang, CA

California look for missing money or a lost bank account

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Unclaimed  bank account search - Calif Los Padres Bank

August 20, 2010: Los Padres Bank, Solvang, CA was closed by the Office of Thrift Supervision:  The Federal Deposit Insurance Corporation was named receiver.

Successor Bank: All deposit accounts have been transferred to Pacific Western Bank, San Diego, California.

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

History:

Santa Ynez Valley Savings And Loan
Changed name to Los Padres Savings Bank
Changed name to Los Padres Savings Bank, Fsb
Acquired US Community Savings Bank - Encinitas, California
Changed name to Los Padres Bank

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 or safe deposit box go to: Unclaimed Funds Search

 

 

 

2010 FDIC Insured Failed Banks
 
 
 
 
Los Padres Bank
610 Alamo Pintado Road
Solvang, CA 93463

 
 

Established
as
Santa Ynez Valley Savings And Loan
 

 
 
 
 
Cost to FDIC: $8 million

 

 
 

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