CAPITAL BANK Failed 1994
What happened
CAPITAL BANK of DOWNEY, CA was closed on 1994-08-26. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to LANDMARK BANK (LA HABRA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3495
- FDIC Certificate
- 3432
- FDIC FIN
- 4617
- Bank name
- CAPITAL BANK
- Location
- DOWNEY, CA
- Failure date
- 1994-08-26
- FDIC resolution date
- 1994-08-26
- 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.)
- $18M
- Deposits at failure
- $74M
- Assets at failure
- $77M
- Acquiring bank
- LANDMARK BANK (LA HABRA, CA)
Other banks LANDMARK BANK acquired in FDIC resolutions