# GARDEN GROVE COMMUNITY BANK

> **Failed bank** · GARDEN GROVE, CA · failed 1984-06-01 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

GARDEN GROVE COMMUNITY BANK of GARDEN GROVE, CA was closed by regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $41M
- **Assets at failure:** $44M
- **Acquiring bank:** CAPITAL BANK (DOWNEY, CA)

## Other banks CAPITAL BANK has acquired in FDIC resolutions

- CREDITBANK (CUTLER RIDGE, FL) — failed 1990-01-26 — /failed-bank/2629
- ALL AMERICAN NATIONAL BANK (VIRGINA GARDENS, FL) — failed 1984-03-02 — /failed-bank/854

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GARDEN GROVE COMMUNITY BANK (FDIC ID 884), failed 1984-06-01. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/884.

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