# CALIFORNIA HERITAGE BANK

> **Failed bank** · SAN DIEGO, CA · failed 1985-11-22 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

CALIFORNIA HERITAGE BANK of SAN DIEGO, CA was closed by regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $22M
- **Assets at failure:** $24M
- **Acquiring bank:** GROSSMONT BANK (LA MESA, CA)

## Other banks GROSSMONT BANK has acquired in FDIC resolutions

- THE BANK OF SAN DIEGO (SAN DIEGO, CA) — failed 1993-10-29 — /failed-bank/3481

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CALIFORNIA%20HERITAGE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CALIFORNIA HERITAGE BANK (FDIC ID 1104), failed 1985-11-22. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1104.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*