PAN AMERICAN FSB Failed 1991
What happened
PAN AMERICAN FSB of SAN MATEO, CA was closed on 1991-07-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PAN AMERICAN BANK, FSB (SAN MATEO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3141
- FDIC Certificate
- 31800
- FDIC FIN
- 1272
- Bank name
- PAN AMERICAN FSB
- Location
- SAN MATEO, CA
- Failure date
- 1991-07-12
- FDIC resolution date
- 1994-04-29
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $250M
- Assets at failure
- $287M
- Acquiring bank
- PAN AMERICAN BANK, FSB (SAN MATEO, CA)