FIRST CALIFORNIA BANK Failed 1993
What happened
FIRST CALIFORNIA BANK of LA MESA, CA was closed on 1993-07-09. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to VALLE DE ORO BANK NA (SPRING VALLEY, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3466
- FDIC Certificate
- 26488
- FDIC FIN
- 4591
- Bank name
- FIRST CALIFORNIA BANK
- Location
- LA MESA, CA
- Failure date
- 1993-07-09
- FDIC resolution date
- 1993-07-09
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $77M
- Assets at failure
- $79M
- Acquiring bank
- VALLE DE ORO BANK NA (SPRING VALLEY, CA)