# THE BANK OF SAN DIEGO

> **Failed bank** · SAN DIEGO, CA · failed 1993-10-29 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $59M

## What happened

THE BANK OF SAN DIEGO of SAN DIEGO, CA was closed by regulators 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
- **Estimated FDIC DIF cost:** $59M
- **Deposits at failure:** $289M
- **Assets at failure:** $294M
- **Acquiring bank:** GROSSMONT BANK (LA MESA, CA)

## Other banks GROSSMONT BANK has acquired in FDIC resolutions

- CALIFORNIA HERITAGE BANK (SAN DIEGO, CA) — failed 1985-11-22 — /failed-bank/1104

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20BANK%20OF%20SAN%20DIEGO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE BANK OF SAN DIEGO (FDIC ID 3481), failed 1993-10-29. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/3481.

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