MIRAE BANK Failed 2009
What happened
MIRAE BANK of LOS ANGELES, CA was closed on 2009-06-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WILSHIRE STATE BANK (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3636
- FDIC Certificate
- 57332
- FDIC FIN
- 10072
- Bank name
- MIRAE BANK
- Location
- LOS ANGELES, CA
- Failure date
- 2009-06-26
- FDIC resolution date
- 2009-06-26
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $45M
- Deposits at failure
- $410M
- Assets at failure
- $481M
- Acquiring bank
- WILSHIRE STATE BANK (LOS ANGELES, CA)
Other banks WILSHIRE STATE BANK acquired in FDIC resolutions