Palm Desert National Bank

Palm Desert National Bank, located in Palm Desert, CA, was closed on April 27, 2012, by the Office of the Comptroller of the Currency, with the Federal Deposit Insurance Corporation (FDIC) appointed as Receiver. The FDIC oversees the winding up of the bank's affairs, including the distribution of assets and liabilities, as well as ensuring proper payment of dividends to creditors.

Subsequent to its closure, all deposit accounts, with certain exceptions, were transferred to Pacific Premier Bank in Costa Mesa, CA, which has since reopened the former branches of Palm Desert National Bank. The FDIC has completed all necessary actions to terminate the receivership, ensuring that depositors' funds remain separately insured.

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