THE BANK OF NORTHERN CALIFORNIA Failed 1986
What happened
THE BANK OF NORTHERN CALIFORNIA of SAN JOSE, CA was closed on 1986-11-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PACIFIC VALLEY BANK (SAN JOSE, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1307
- FDIC Certificate
- 24395
- FDIC FIN
- 2616
- Bank name
- THE BANK OF NORTHERN CALIFORNIA
- Location
- SAN JOSE, CA
- Failure date
- 1986-11-14
- FDIC resolution date
- 1986-11-14
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $16M
- Assets at failure
- $16M
- Acquiring bank
- PACIFIC VALLEY BANK (SAN JOSE, CA)