# PREMIER BANK

> **Failed bank** · NORTHRIDGE, CA · failed 1993-04-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $9M

## What happened

PREMIER BANK of NORTHRIDGE, CA was closed by regulators on **1993-04-08**. The FDIC was named receiver.

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

Deposits were transferred to **TRANS-WORLD BANK** (SHERMAN OAKS, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3449
- **FDIC Certificate:** 23581
- **FDIC FIN:** 4573
- **Bank name:** PREMIER BANK
- **Location:** NORTHRIDGE, CA
- **Failure date:** 1993-04-08
- **FDIC resolution date:** 1993-04-08
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $9M
- **Deposits at failure:** $70M
- **Assets at failure:** $73M
- **Acquiring bank:** TRANS-WORLD BANK (SHERMAN OAKS, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PREMIER BANK (FDIC ID 3449), failed 1993-04-08. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3449.

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