# BANK OF NEWPORT

> **Failed bank** · NEWPORT BEACH, CA · failed 1994-08-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $29M

## What happened

BANK OF NEWPORT of NEWPORT BEACH, CA was closed by regulators on **1994-08-12**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **UNION BANK** (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3494
- **FDIC Certificate:** 20637
- **FDIC FIN:** 4616
- **Bank name:** BANK OF NEWPORT
- **Location:** NEWPORT BEACH, CA
- **Failure date:** 1994-08-12
- **FDIC resolution date:** 1994-08-12
- **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:** $162M
- **Assets at failure:** $168M
- **Acquiring bank:** UNION BANK (SAN FRANCISCO, CA)

## Other banks UNION BANK has acquired in FDIC resolutions

- HEARTLAND S & LA (LA MESA, CA) — failed 1991-09-06 — /failed-bank/3182

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF NEWPORT (FDIC ID 3494), failed 1994-08-12. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/3494.

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