# CENTER NATIONAL BANK

> **Failed bank** · LOS ANGELES, CA · failed 1986-04-11 · National commercial bank (OCC-chartered) · FDIC cost $11M

## What happened

CENTER NATIONAL BANK of LOS ANGELES, CA was closed by the OCC 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
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $46M
- **Assets at failure:** $48M
- **Acquiring bank:** INDEPENDENCE BANK (LOS ANGELES, CA)

## Other banks INDEPENDENCE BANK has acquired in FDIC resolutions

- WESTLAKE THRIFT & LOAN ASSOCIATION (WESTLAKE VILLAGE, CA) — failed 1988-07-29 — /failed-bank/1844

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CENTER NATIONAL BANK (FDIC ID 1177), failed 1986-04-11. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1177.

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