Alliance Bank
Who: Alliance Bank
What: 8th bank failure of 2009 (Feb. 6, 2009)
Where: Culver City, California
Why: Bad loans to homebuilders.
Fast Facts: California Bank & Trust, San Diego, California assumed all deposits from Alliance Bank; as of December 31, 2008, Alliance Bank had total assets of approximately $1.14 billion and total deposits of $951 million.