CALIFORNIA HERITAGE BANK Failed 1985
What happened
CALIFORNIA HERITAGE BANK of SAN DIEGO, CA was closed on 1985-11-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GROSSMONT BANK (LA MESA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1104
- FDIC Certificate
- 21691
- FDIC FIN
- 2519
- Bank name
- CALIFORNIA HERITAGE BANK
- Location
- SAN DIEGO, CA
- Failure date
- 1985-11-22
- FDIC resolution date
- 1985-11-22
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $22M
- Assets at failure
- $24M
- Acquiring bank
- GROSSMONT BANK (LA MESA, CA)
Other banks GROSSMONT BANK acquired in FDIC resolutions