MALIBU SB Failed 1991
What happened
MALIBU SB of COSTA MESA, CA was closed on 1991-01-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BRENTWOOD BANK OF CA (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2992
- FDIC Certificate
- 32134
- FDIC FIN
- 7366
- Bank name
- MALIBU SB
- Location
- COSTA MESA, CA
- Failure date
- 1991-01-11
- FDIC resolution date
- 1991-07-19
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $22M
- Deposits at failure
- $123M
- Assets at failure
- $139M
- Acquiring bank
- BRENTWOOD BANK OF CA (LOS ANGELES, CA)