PACIFIC COAST BANK Failed 1982
What happened
PACIFIC COAST BANK of SAN DIEGO, CA was closed on 1982-04-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMONWEALTH BANK (TORRANCE, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 664
- FDIC Certificate
- 20988
- FDIC FIN
- 2308
- Bank name
- PACIFIC COAST BANK
- Location
- SAN DIEGO, CA
- Failure date
- 1982-04-29
- FDIC resolution date
- 1982-04-29
- 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.)
- $5M
- Deposits at failure
- $9M
- Assets at failure
- $10M
- Acquiring bank
- COMMONWEALTH BANK (TORRANCE, CA)
Other banks COMMONWEALTH BANK acquired in FDIC resolutions