# BANK OF SAN PEDRO

> **Failed bank** · LOS ANGELES, CA · failed 1994-07-15 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $29M

## What happened

BANK OF SAN PEDRO of LOS ANGELES, CA was closed by regulators 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
- **Estimated FDIC DIF cost:** $29M
- **Deposits at failure:** $128M
- **Assets at failure:** $133M
- **Acquiring bank:** HOME BANK (SIGNAL HILL, CA)

## Other banks HOME BANK has acquired in FDIC resolutions

- STATEWIDE BANK (COVINGTON, LA) — failed 2010-03-12 — /failed-bank/3762
- MECHANICS NATIONAL BANK (PARAMOUNT, CA) — failed 1994-04-01 — /failed-bank/3483

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF SAN PEDRO (FDIC ID 3491), failed 1994-07-15. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/3491.

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