THE BANK OF SAN DIEGO Failed 1993
What happened
THE BANK OF SAN DIEGO of SAN DIEGO, CA was closed on 1993-10-29. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to GROSSMONT BANK (LA MESA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3481
- FDIC Certificate
- 22815
- FDIC FIN
- 4602
- Bank name
- THE BANK OF SAN DIEGO
- Location
- SAN DIEGO, CA
- Failure date
- 1993-10-29
- FDIC resolution date
- 1993-10-29
- 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.)
- $59M
- Deposits at failure
- $289M
- Assets at failure
- $294M
- Acquiring bank
- GROSSMONT BANK (LA MESA, CA)
Other banks GROSSMONT BANK acquired in FDIC resolutions