PACIFIC HERITAGE BANK Failed 1995
What happened
PACIFIC HERITAGE BANK of TORRANCE, CA was closed on 1995-07-28. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to CALIFORNIA FEDERAL BANK , A (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3504
- FDIC Certificate
- 23319
- FDIC FIN
- 4624
- Bank name
- PACIFIC HERITAGE BANK
- Location
- TORRANCE, CA
- Failure date
- 1995-07-28
- FDIC resolution date
- 1995-07-28
- 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.)
- $19M
- Deposits at failure
- $146M
- Assets at failure
- $148M
- Acquiring bank
- CALIFORNIA FEDERAL BANK , A (LOS ANGELES, CA)