# ALVARADO BANK

> **Failed bank** · RICHMOND, CA · failed 1991-01-25 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

ALVARADO BANK of RICHMOND, CA was closed by regulators on **1991-01-25**. The FDIC was named receiver.

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

Deposits were transferred to **PACIFIC BAY BANK** (RICHMOND, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2997
- **FDIC Certificate:** 24568
- **FDIC FIN:** 4315
- **Bank name:** ALVARADO BANK
- **Location:** RICHMOND, CA
- **Failure date:** 1991-01-25
- **FDIC resolution date:** 1991-01-25
- **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:** $4M
- **Deposits at failure:** $32M
- **Assets at failure:** $33M
- **Acquiring bank:** PACIFIC BAY BANK (RICHMOND, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ALVARADO BANK (FDIC ID 2997), failed 1991-01-25. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2997.

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