# PIONEER BANK

> **Failed bank** · FULLERTON, CA · failed 1994-07-08 · State commercial bank, Federal Reserve member · FDIC cost $15M

## What happened

PIONEER BANK of FULLERTON, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $128M
- **Assets at failure:** $133M
- **Acquiring bank:** CHINO VALLEY BANK (ONTARIO, CA)

## Other banks CHINO VALLEY BANK has acquired in FDIC resolutions

- MID CITY BANK, N.A. (BREA, CA) — failed 1993-10-21 — /failed-bank/3480
- INDEPENDENT NATIONAL BANK (COVINA, CA) — failed 1986-10-09 — /failed-bank/1287

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PIONEER BANK (FDIC ID 3490), failed 1994-07-08. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3490.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*