MISSION VALLEY BANK, NATIONAL ASSOC Failed 1991
What happened
MISSION VALLEY BANK, NATIONAL ASSOC of SAN CLEMENTE, CA was closed on 1991-10-18. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to MID CITY BANK, NATIONAL ASS (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3221
- FDIC Certificate
- 24565
- FDIC FIN
- 4415
- Bank name
- MISSION VALLEY BANK, NATIONAL ASSOC
- Location
- SAN CLEMENTE, CA
- Failure date
- 1991-10-18
- FDIC resolution date
- 1991-10-18
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $15M
- Deposits at failure
- $41M
- Assets at failure
- $43M
- Acquiring bank
- MID CITY BANK, NATIONAL ASS (LOS ANGELES, CA)
Other banks MID CITY BANK, NATIONAL ASS acquired in FDIC resolutions