THE NAT BK OF CARMEL Failed 1984

CARMEL-BY-THE-SEA, CA · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THE NAT BK OF CARMEL of CARMEL-BY-THE-SEA, CA was closed on 1984-05-08. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to COUNTY BANK&TRUST (SANTA CRUZ, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
874
FDIC Certificate
23358
FDIC FIN
5478
Bank name
THE NAT BK OF CARMEL
Location
CARMEL-BY-THE-SEA, CA
Failure date
1984-05-08
FDIC resolution date
1984-05-08
Charter type
National commercial bank (OCC-chartered)
Resolution type
Insured Deposit Transfer — insured deposits transferred to another bank
FDIC DIF cost (est.)
$7M
Deposits at failure
$68M
Assets at failure
$76M
Acquiring bank
COUNTY BANK&TRUST (SANTA CRUZ, CA)