WESTERN COMMUNITY BANK Failed 1994
What happened
WESTERN COMMUNITY BANK of CORONA, CA was closed on 1994-07-29. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to BANK OF SAN BERNARDINO (SAN BERNARDINO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3493
- FDIC Certificate
- 23157
- FDIC FIN
- 4615
- Bank name
- WESTERN COMMUNITY BANK
- Location
- CORONA, CA
- Failure date
- 1994-07-29
- FDIC resolution date
- 1994-07-29
- 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.)
- $3M
- Deposits at failure
- $53M
- Assets at failure
- $54M
- Acquiring bank
- BANK OF SAN BERNARDINO (SAN BERNARDINO, CA)