FRONTIER NATIONAL BANK Failed 1986

What happened

FRONTIER NATIONAL BANK of VISTA, CA was closed on 1986-10-02. The FDIC was named receiver.

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

Deposits were transferred to RANCHO VISTA NATIONAL BA (VISTA, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1285

FDIC Certificate

24270

FDIC FIN

2604

Bank name

FRONTIER NATIONAL BANK

Location

VISTA, CA

Failure date

1986-10-02

FDIC resolution date

1986-10-02

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$2M

Deposits at failure

$11M

Assets at failure

$10M

Acquiring bank

RANCHO VISTA NATIONAL BA (VISTA, CA)