BANK OF SAN MARINO Failed 1983
What happened
BANK OF SAN MARINO of SAN MARINO, CA was closed on 1983-04-08. 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
- 771
- FDIC Certificate
- 23143
- FDIC FIN
- 2342
- Bank name
- BANK OF SAN MARINO
- Location
- SAN MARINO, CA
- Failure date
- 1983-04-08
- FDIC resolution date
- 1983-04-08
- 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.)
- $2M
- Deposits at failure
- $13M
- Assets at failure
- $13M
- Acquiring bank
- TRANS AMERICAN NATIONAL (MONTEREY PARK, CA)
Other banks TRANS AMERICAN NATIONAL acquired in FDIC resolutions