MARITIME BANK OF CALIFORNIA Failed 1993
What happened
MARITIME BANK OF CALIFORNIA of LOS ANGELES, CA was closed on 1993-08-27. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to WESTERN BANK (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3473
- FDIC Certificate
- 23135
- FDIC FIN
- 4596
- Bank name
- MARITIME BANK OF CALIFORNIA
- Location
- LOS ANGELES, CA
- Failure date
- 1993-08-27
- FDIC resolution date
- 1993-08-27
- 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.)
- $6M
- Deposits at failure
- $31M
- Assets at failure
- $32M
- Acquiring bank
- WESTERN BANK (LOS ANGELES, CA)
Other banks WESTERN BANK acquired in FDIC resolutions