BARBARY COAST NATIONAL BANK Failed 1994
What happened
BARBARY COAST NATIONAL BANK of SAN FRANCISCO, CA was closed on 1994-05-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to METROPOLITAN BANK (OAKLAND, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3486
- FDIC Certificate
- 27027
- FDIC FIN
- 4609
- Bank name
- BARBARY COAST NATIONAL BANK
- Location
- SAN FRANCISCO, CA
- Failure date
- 1994-05-19
- FDIC resolution date
- 1994-05-19
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $9M
- Assets at failure
- $11M
- Acquiring bank
- METROPOLITAN BANK (OAKLAND, CA)
Other banks METROPOLITAN BANK acquired in FDIC resolutions