PIONEER BANK Failed 1994
What happened
PIONEER BANK of FULLERTON, CA was closed on 1994-07-08. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to CHINO VALLEY BANK (ONTARIO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3490
- FDIC Certificate
- 23448
- FDIC FIN
- 4611
- Bank name
- PIONEER BANK
- Location
- FULLERTON, CA
- Failure date
- 1994-07-08
- FDIC resolution date
- 1994-07-08
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $15M
- Deposits at failure
- $128M
- Assets at failure
- $133M
- Acquiring bank
- CHINO VALLEY BANK (ONTARIO, CA)
Other banks CHINO VALLEY BANK acquired in FDIC resolutions