FDIC spokesperson Roberta Valdez shows identification to gain entry at a California National Bank branch in downtown Los Angeles October 30, 2009. Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources. The Wall Street Journal reported this month that Minneapolis-based U.S. Bancorp was eyeing an acquisition of Cal National's parent, FBOP Corp: a private group with more than $18 billion in assets that owns eight banks in Texas, Illinois, Arizona and California. Reuters Pictures logo Reuters Pictures 28 months ago

FDIC spokesperson Roberta Valdez shows identification to gain entry at a California National Bank branch in downtown Los Angeles October 30, 2009. Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources. The Wall Street Journal reported this month that Minneapolis-based U.S. Bancorp was eyeing an acquisition of Cal National's parent, FBOP Corp: a private group with more than $18 billion in assets that owns eight banks in Texas, Illinois, Arizona and California.

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