# AMERICAN BANK AND TRUST

> **Failed bank** · SAN JOSE, CA · failed 1993-06-18 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $6M

## What happened

AMERICAN BANK AND TRUST of SAN JOSE, CA was closed by regulators on **1993-06-18**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **BANK OF SANTA CLARA** (SANTA CLARA, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3459
- **FDIC Certificate:** 21560
- **FDIC FIN:** 4582
- **Bank name:** AMERICAN BANK AND TRUST
- **Location:** SAN JOSE, CA
- **Failure date:** 1993-06-18
- **FDIC resolution date:** 1993-06-18
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $35M
- **Assets at failure:** $36M
- **Acquiring bank:** BANK OF SANTA CLARA (SANTA CLARA, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN BANK AND TRUST (FDIC ID 3459), failed 1993-06-18. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/3459.

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