Who: Downey Savings and Loan Association and PFF Bank and Trust

What: 21^st and 22^nd bank failures of 2008 (Nov. 21, 2008)

Where: Newport Beach, California and Pomona, California

Why: Inadequate capital.

Fast Facts: U.S. Bank, National Association of Minneapolis, Minnesota assumed all deposits from both Downey Savings and Loan Association and PFF Bank and Trust; as of Oct. 30, 2008, Downey Savings-the 10^th largest bank in Silicon Valley--had $12.8 billion in total assets and $9.7 billion in total deposits; PFF Bank--the 17^th largest in Silicon Valley--had $3.7 billion in total deposits, with $2.4 billion in total deposits; the two banks had a combined 213 branches throughout the state.

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