# FIRST SIERRA BANK

> **Failed bank** · BISHOP, CA · failed 1987-01-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

FIRST SIERRA BANK of BISHOP, CA was closed by regulators on **1987-01-23**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **SECURITY PACIFIC NB** (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1346
- **FDIC Certificate:** 23282
- **FDIC FIN:** 6796
- **Bank name:** FIRST SIERRA BANK
- **Location:** BISHOP, CA
- **Failure date:** 1987-01-23
- **FDIC resolution date:** 1987-01-23
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $23M
- **Assets at failure:** $23M
- **Acquiring bank:** SECURITY PACIFIC NB (LOS ANGELES, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SIERRA BANK (FDIC ID 1346), failed 1987-01-23. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1346.

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