Both failed banks were hit hard by the housing and mortgage collapse, and have suffered substantial losses this year. They are the 21st and 22nd banks to fail in the nation this year, and the fourth and fifth banks to close in California.
They have more than 200 branches combined that will now reopen as branches of US Bank.
Customers can call the FDIC for more information.
- For Downey, call 1-800-930-5169
- For PFF, call 1-800-930-6827
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