Temecula Valley Bank, which failed in July, didnt have resources to withstand commercial real estate ventures, FDIC says

Temecula Valley Bank, which failed in July, didnt have resources to withstand commercial real estate ventures, FDIC says
Temecula Valley Bank failed in July because its board and management failed to adequately monitor and control risks in a portfolio concentrated in commercial real estate loans, federal regulators said in a report released this week.

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