# UNITED COMMUNITY BANK

> **Failed bank** · WESTLAKE VILLAGE, CA · failed 1989-12-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

UNITED COMMUNITY BANK of WESTLAKE VILLAGE, CA was closed by regulators on **1989-12-20**. The FDIC was named receiver.

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

Deposits were transferred to **OLYMPIC NATIONAL BANK** (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2595
- **FDIC Certificate:** 23419
- **FDIC FIN:** 4139
- **Bank name:** UNITED COMMUNITY BANK
- **Location:** WESTLAKE VILLAGE, CA
- **Failure date:** 1989-12-20
- **FDIC resolution date:** 1989-12-20
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $29M
- **Assets at failure:** $32M
- **Acquiring bank:** OLYMPIC NATIONAL BANK (LOS ANGELES, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNITED COMMUNITY BANK (FDIC ID 2595), failed 1989-12-20. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2595.

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