CITY NATIONAL BANK OF WASHINGTON Failed 1993

WASHINGTON, DC · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

CITY NATIONAL BANK OF WASHINGTON of WASHINGTON, DC was closed on 1993-06-25. The FDIC was named receiver.

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

Deposits were transferred to CRESTAR BANK NATIONAL AS (WASHINGTON, DC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3461
FDIC Certificate
27307
FDIC FIN
4584
Bank name
CITY NATIONAL BANK OF WASHINGTON
Location
WASHINGTON, DC
Failure date
1993-06-25
FDIC resolution date
1993-06-25
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$1M
Deposits at failure
$23M
Assets at failure
$24M
Acquiring bank
CRESTAR BANK NATIONAL AS (WASHINGTON, DC)