CENTER NATIONAL BANK Failed 1986
What happened
CENTER NATIONAL BANK of LOS ANGELES, CA was closed on 1986-04-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to INDEPENDENCE BANK (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1177
- FDIC Certificate
- 23920
- FDIC FIN
- 2550
- Bank name
- CENTER NATIONAL BANK
- Location
- LOS ANGELES, CA
- Failure date
- 1986-04-11
- FDIC resolution date
- 1986-04-11
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $46M
- Assets at failure
- $48M
- Acquiring bank
- INDEPENDENCE BANK (LOS ANGELES, CA)
Other banks INDEPENDENCE BANK acquired in FDIC resolutions