WESTERN NATIONAL BANK Failed 1982
What happened
WESTERN NATIONAL BANK of SANTA ANA, CA was closed on 1982-08-27. 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
- 696
- FDIC Certificate
- 23308
- FDIC FIN
- 2320
- Bank name
- WESTERN NATIONAL BANK
- Location
- SANTA ANA, CA
- Failure date
- 1982-08-27
- FDIC resolution date
- 1982-08-27
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $22M
- Assets at failure
- $26M
- Acquiring bank
- COMMONWEALTH BANK (TORRANCE, CA)
Other banks COMMONWEALTH BANK acquired in FDIC resolutions