January 23, 2009 – 6:43 pm

1st Centennial Bank, Redlands, California, was Was closed by the FDIC today. The bank saw First California Bank, Westlake Village, California, assume its insured deposits. 

First Centennial had deposits which exceeded the insured limit. For more information on this or other matters go to the official FDIC webpage regarding first Centennial Bank.

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