# THE NAT BK OF CARMEL

> **Failed bank** · CARMEL-BY-THE-SEA, CA · failed 1984-05-08 · National commercial bank (OCC-chartered) · FDIC cost $7M

## What happened

THE NAT BK OF CARMEL of CARMEL-BY-THE-SEA, CA was closed by the OCC 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $68M
- **Assets at failure:** $76M
- **Acquiring bank:** COUNTY BANK&TRUST (SANTA CRUZ, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20NAT%20BK%20OF%20CARMEL

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE NAT BK OF CARMEL (FDIC ID 874), failed 1984-05-08. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/874.

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