MID CITY BANK, N.A. Failed 1993
What happened
MID CITY BANK, N.A. of BREA, CA was closed on 1993-10-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHINO VALLEY BANK (ONTARIO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3480
- FDIC Certificate
- 24452
- FDIC FIN
- 4601
- Bank name
- MID CITY BANK, N.A.
- Location
- BREA, CA
- Failure date
- 1993-10-21
- FDIC resolution date
- 1993-10-21
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $103M
- Assets at failure
- $106M
- Acquiring bank
- CHINO VALLEY BANK (ONTARIO, CA)
Other banks CHINO VALLEY BANK acquired in FDIC resolutions