BANK OF IRVINE Failed 1984
What happened
BANK OF IRVINE of IRVINE, CA was closed on 1984-05-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY PACIFIC STATE B (IRVINE, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 880
- FDIC Certificate
- 21410
- FDIC FIN
- 2389
- Bank name
- BANK OF IRVINE
- Location
- IRVINE, CA
- Failure date
- 1984-05-18
- FDIC resolution date
- 1984-05-18
- 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
- $29M
- Assets at failure
- $31M
- Acquiring bank
- SECURITY PACIFIC STATE B (IRVINE, CA)