FIRST AMERICAN CAPITAL BANK, N.A Failed 1993
What happened
FIRST AMERICAN CAPITAL BANK, N.A of LAGUNA BEACH, CA was closed on 1993-03-04. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to ORANGE NATIONAL BANK (ORANGE, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3441
- FDIC Certificate
- 23631
- FDIC FIN
- 4566
- Bank name
- FIRST AMERICAN CAPITAL BANK, N.A
- Location
- LAGUNA BEACH, CA
- Failure date
- 1993-03-04
- FDIC resolution date
- 1993-03-04
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $26M
- Assets at failure
- $28M
- Acquiring bank
- ORANGE NATIONAL BANK (ORANGE, CA)