MANILABANK Failed 1991

LOS ANGELES, CA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

MANILABANK of LOS ANGELES, CA was closed on 1991-03-08. The FDIC was named receiver.

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

Deposits were transferred to UST CALIFORNIA, NATIONAL AS (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3027
FDIC Certificate
24588
FDIC FIN
4330
Bank name
MANILABANK
Location
LOS ANGELES, CA
Failure date
1991-03-08
FDIC resolution date
1991-03-08
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$4M
Deposits at failure
$20M
Assets at failure
$21M
Acquiring bank
UST CALIFORNIA, NATIONAL AS (LOS ANGELES, CA)