# PALOS VERDES NATIONAL BANK

> **Failed bank** · ROLLING HILLS EST, CA · failed 1993-05-21 · National commercial bank (OCC-chartered) · FDIC cost $10M

## What happened

PALOS VERDES NATIONAL BANK of ROLLING HILLS EST, CA was closed by the OCC on **1993-05-21**. The FDIC was named receiver.

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

Deposits were transferred to **PENINSULA BANK NATIONAL** (ROLLING HILLS ES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3456
- **FDIC Certificate:** 23796
- **FDIC FIN:** 4579
- **Bank name:** PALOS VERDES NATIONAL BANK
- **Location:** ROLLING HILLS EST, CA
- **Failure date:** 1993-05-21
- **FDIC resolution date:** 1993-05-21
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $48M
- **Assets at failure:** $46M
- **Acquiring bank:** PENINSULA BANK NATIONAL (ROLLING HILLS ES, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PALOS VERDES NATIONAL BANK (FDIC ID 3456), failed 1993-05-21. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/3456.

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