BANK OF SAN PEDRO Failed 1994
What happened
BANK OF SAN PEDRO of LOS ANGELES, CA was closed on 1994-07-15. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to HOME BANK (SIGNAL HILL, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3491
- FDIC Certificate
- 21922
- FDIC FIN
- 4613
- Bank name
- BANK OF SAN PEDRO
- Location
- LOS ANGELES, CA
- Failure date
- 1994-07-15
- FDIC resolution date
- 1994-07-15
- 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.)
- $29M
- Deposits at failure
- $128M
- Assets at failure
- $133M
- Acquiring bank
- HOME BANK (SIGNAL HILL, CA)
Other banks HOME BANK acquired in FDIC resolutions