GARDEN GROVE COMMUNITY BANK Failed 1984
What happened
GARDEN GROVE COMMUNITY BANK of GARDEN GROVE, CA was closed on 1984-06-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CAPITAL BANK (DOWNEY, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 884
- FDIC Certificate
- 22848
- FDIC FIN
- 2392
- Bank name
- GARDEN GROVE COMMUNITY BANK
- Location
- GARDEN GROVE, CA
- Failure date
- 1984-06-01
- FDIC resolution date
- 1984-06-01
- 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.)
- $5M
- Deposits at failure
- $41M
- Assets at failure
- $44M
- Acquiring bank
- CAPITAL BANK (DOWNEY, CA)
Other banks CAPITAL BANK acquired in FDIC resolutions