FIRST HERITAGE BANK N.A. Failed 2008
What happened
FIRST HERITAGE BANK N.A. of NEWPORT BEACH, CA was closed on 2008-07-25. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MUTUAL OF OMAHA BANK (OMAHA, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3562
- FDIC Certificate
- 57961
- FDIC FIN
- 10009
- Bank name
- FIRST HERITAGE BANK N.A.
- Location
- NEWPORT BEACH, CA
- Failure date
- 2008-07-25
- FDIC resolution date
- 2008-07-25
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $92M
- Deposits at failure
- $235M
- Assets at failure
- $255M
- Acquiring bank
- MUTUAL OF OMAHA BANK (OMAHA, NE)
Other banks MUTUAL OF OMAHA BANK acquired in FDIC resolutions