# FIRST CITY BANK

> **Failed bank** · GLENDALE, CA · failed 1985-12-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $6M

## What happened

FIRST CITY BANK of GLENDALE, CA was closed by regulators on **1985-12-20**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **STERLING BANK** (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1124
- **FDIC Certificate:** 22698
- **FDIC FIN:** 2526
- **Bank name:** FIRST CITY BANK
- **Location:** GLENDALE, CA
- **Failure date:** 1985-12-20
- **FDIC resolution date:** 1985-12-20
- **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:** $6M
- **Deposits at failure:** $29M
- **Assets at failure:** $36M
- **Acquiring bank:** STERLING BANK (LOS ANGELES, CA)

## Other banks STERLING BANK has acquired in FDIC resolutions

- WOBURN FIVE CENTS SAVINGS BANK (WOBURN, MA) — failed 1991-06-07 — /failed-bank/3124
- UNIVERSITY BANK, NATIONAL ASSOCIATION (NEWTON, MA) — failed 1991-05-31 — /failed-bank/3114

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CITY BANK (FDIC ID 1124), failed 1985-12-20. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1124.

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