SADDLEBACK NATIONAL BANK Failed 1986
What happened
SADDLEBACK NATIONAL BANK of LAGUNA HILLS, CA was closed on 1986-05-15. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to LANDMARK BANK (LA HABRA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1195
- FDIC Certificate
- 24645
- FDIC FIN
- 5691
- Bank name
- SADDLEBACK NATIONAL BANK
- Location
- LAGUNA HILLS, CA
- Failure date
- 1986-05-15
- FDIC resolution date
- 1986-05-15
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $13M
- Assets at failure
- $13M
- Acquiring bank
- LANDMARK BANK (LA HABRA, CA)
Other banks LANDMARK BANK acquired in FDIC resolutions