# BANK OF LOS GATOS, N.A.

> **Failed bank** · LOS GATOS, CA · failed 1987-07-23 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

BANK OF LOS GATOS, N.A. of LOS GATOS, CA was closed by the OCC on **1987-07-23**. The FDIC was named receiver.

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

Deposits were transferred to **BANK OF THE WEST** (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1481
- **FDIC Certificate:** 25285
- **FDIC FIN:** 2710
- **Bank name:** BANK OF LOS GATOS, N.A.
- **Location:** LOS GATOS, CA
- **Failure date:** 1987-07-23
- **FDIC resolution date:** 1987-07-23
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $13M
- **Assets at failure:** $13M
- **Acquiring bank:** BANK OF THE WEST (SAN FRANCISCO, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20LOS%20GATOS%2C%20N.A.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF LOS GATOS, N.A. (FDIC ID 1481), failed 1987-07-23. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/failed-bank/1481.

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