THE WILSHIRE BANK, NATIONAL ASSOC Failed 1990
What happened
THE WILSHIRE BANK, NATIONAL ASSOC of LOS ANGELES, CA was closed on 1990-05-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MID CITY BANK, NATIONAL ASS (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2784
- FDIC Certificate
- 23499
- FDIC FIN
- 4210
- Bank name
- THE WILSHIRE BANK, NATIONAL ASSOC
- Location
- LOS ANGELES, CA
- Failure date
- 1990-05-31
- FDIC resolution date
- 1990-05-31
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $24M
- Assets at failure
- $25M
- Acquiring bank
- MID CITY BANK, NATIONAL ASS (LOS ANGELES, CA)
Other banks MID CITY BANK, NATIONAL ASS acquired in FDIC resolutions