# OLYMPIC NATIONAL BANK

> **Failed bank** · LOS ANGELES, CA · failed 1993-04-02 · National commercial bank (OCC-chartered) · FDIC cost $25M

## What happened

OLYMPIC NATIONAL BANK of LOS ANGELES, CA was closed by the OCC on **1993-04-02**. 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:** 3447
- **FDIC Certificate:** 24564
- **FDIC FIN:** 4570
- **Bank name:** OLYMPIC NATIONAL BANK
- **Location:** LOS ANGELES, CA
- **Failure date:** 1993-04-02
- **FDIC resolution date:** 1993-04-02
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $25M
- **Deposits at failure:** $80M
- **Assets at failure:** $82M
- **Acquiring bank:** WESTERN BANK (LOS ANGELES, CA)

## Other banks WESTERN BANK has acquired in FDIC resolutions

- MARITIME BANK OF CALIFORNIA (LOS ANGELES, CA) — failed 1993-08-27 — /failed-bank/3473
- COLUMBIA NATIONAL BANK (SANTA MONICA, CA) — failed 1993-01-22 — /failed-bank/3433
- THE MERCHANTS BANK OF CALIFORNIA (BEVERLY HILLS, CA) — failed 1990-06-08 — /failed-bank/2805
- COMMUNITY BANK (HARTFORD, SD) — failed 1983-06-17 — /failed-bank/790

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=OLYMPIC%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, OLYMPIC NATIONAL BANK (FDIC ID 3447), failed 1993-04-02. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3447.

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