Commonwealth Thrift and Loan, Torrance, Calif., failed Friday, bringing the tally of bank failures this year to five.
Commonwealth, with $13.1 million in assets, was the first bank in California to fail this year.
Limited Time Offer
Save $400 off your subscription. Special offer ends April 30, 2017.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In