COLUMBIA NATIONAL BANK Failed 1993

What happened

COLUMBIA NATIONAL BANK of SANTA MONICA, CA was closed on 1993-01-22. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to WESTERN BANK (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3433

FDIC Certificate

24320

FDIC FIN

4561

Bank name

COLUMBIA NATIONAL BANK

Location

SANTA MONICA, CA

Failure date

1993-01-22

FDIC resolution date

1993-01-22

Charter type

National commercial bank (OCC-chartered)

Resolution type

Payout / Insured deposits — FDIC paid insured deposits directly to depositors

FDIC DIF cost (est.)

$18M

Deposits at failure

$48M

Assets at failure

$48M

Acquiring bank

WESTERN BANK (LOS ANGELES, CA)

Other banks WESTERN BANK acquired in FDIC resolutions

• MARITIME BANK OF CALIFORNIA (LOS ANGELES, CA) — failed 1993-08-27
• OLYMPIC NATIONAL BANK (LOS ANGELES, CA) — failed 1993-04-02
• THE MERCHANTS BANK OF CALIFORNIA (BEVERLY HILLS, CA) — failed 1990-06-08
• COMMUNITY BANK (HARTFORD, SD) — failed 1983-06-17