# WEST OLYMPIA BANK

> **Failed bank** · LOS ANGELES, CA · failed 1984-02-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

WEST OLYMPIA BANK of LOS ANGELES, CA was closed by regulators on **1984-02-10**. 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:** 850
- **FDIC Certificate:** 19282
- **FDIC FIN:** 2374
- **Bank name:** WEST OLYMPIA BANK
- **Location:** LOS ANGELES, CA
- **Failure date:** 1984-02-10
- **FDIC resolution date:** 1984-02-10
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $20M
- **Assets at failure:** $20M
- **Acquiring bank:** WILSHIRE STATE BANK (LOS ANGELES, CA)

## Other banks WILSHIRE STATE BANK has acquired in FDIC resolutions

- MIRAE BANK (LOS ANGELES, CA) — failed 2009-06-26 — /failed-bank/3636

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WEST%20OLYMPIA%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WEST OLYMPIA BANK (FDIC ID 850), failed 1984-02-10. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/850.

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