Read Larry Connors' blog – Short Term Trading Strategies
The California Department of Financial Institutions (DFI) has said that as of April 15, 2009, First Bank of Beverly Hills had total assets of approximately $1.2 billion and total deposits of approximately $848 million.
Immediately following the closure, the DFI has named the Federal Deposit Insurance Corporation (FDIC) as receiver of First Bank of Beverly Hills. The depositors of First Bank of Beverly Hills are protected by the FDIC to the extent of any applicable deposit insurance.
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