FIRST TRUST BANK Failed 1995
What happened
FIRST TRUST BANK of ONTARIO, CA was closed on 1995-03-03. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to FIRST STATE BANK OF CALIFOR (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3499
- FDIC Certificate
- 3480
- FDIC FIN
- 4620
- Bank name
- FIRST TRUST BANK
- Location
- ONTARIO, CA
- Failure date
- 1995-03-03
- FDIC resolution date
- 1995-03-03
- 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.)
- $26M
- Deposits at failure
- $224M
- Assets at failure
- $228M
- Acquiring bank
- FIRST STATE BANK OF CALIFOR (LOS ANGELES, CA)