# MISSION VALLEY BANK, NATIONAL ASSOC

> **Failed bank** · SAN CLEMENTE, CA · failed 1991-10-18 · National commercial bank (OCC-chartered) · FDIC cost $15M

## What happened

MISSION VALLEY BANK, NATIONAL ASSOC of SAN CLEMENTE, CA was closed by the OCC 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- THE WILSHIRE BANK, NATIONAL ASSOC (LOS ANGELES, CA) — failed 1990-05-31 — /failed-bank/2784

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MISSION%20VALLEY%20BANK%2C%20NATIONAL%20ASSOC

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MISSION VALLEY BANK, NATIONAL ASSOC (FDIC ID 3221), failed 1991-10-18. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3221.

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