NEWPORT HARBOUR NATIONAL BANK Failed 1983
What happened
NEWPORT HARBOUR NATIONAL BANK of NEWPORT BEACH, CA was closed on 1983-03-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TRANS AMERICAN NATIONAL (MONTEREY PARK, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 762
- FDIC Certificate
- 23085
- FDIC FIN
- 2337
- Bank name
- NEWPORT HARBOUR NATIONAL BANK
- Location
- NEWPORT BEACH, CA
- Failure date
- 1983-03-11
- FDIC resolution date
- 1983-03-11
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $44M
- Assets at failure
- $47M
- Acquiring bank
- TRANS AMERICAN NATIONAL (MONTEREY PARK, CA)
Other banks TRANS AMERICAN NATIONAL acquired in FDIC resolutions