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Bank Failures & Assistance

1993

(t) Insured deposit transfer; (p)Payoff; (a) Assistance transaction; (b) Bridge bank; (c) Conservatorship; (i) Purchase and assumption, insured deposits only.

Note: Unmarked entries denote purchase and assumption transactions in which insured and uninsured deposits were taken by the acquiror.

January 22
1 (i)COLUMBIA NATIONAL BANK, SANTA MONICA, CALIFORNIA. Total assets $47.8 million. Total deposits $47.7 million in 1,500 accounts. Insured deposits assumed by Western Bank, Los Angeles, California. Advance dividend 61 percent of uninsured claims. FDIC outlay $39.8 million (PR-4-93).

January 29
2 (b)FIRST NATIONAL BANK OF VERMONT, BRADFORD, VERMONT. Total assets $293.5 million. Total deposits $263.2 million in 36,800 accounts. Insured deposits assumed by New First National Bank of Vermont, Bradford, Vermont, a newly-chartered FDIC bridge bank. Advance dividend 50 percent of uninsured claims (PR 8-93). FDIC Board approved sale of bridge bank to The Merchants Bank, Burlington, Vermont, on May 18, 1993 (PR-55-93).

February 5
3 (i)AMERICAN BANK OF HALTOM CITY, TEXAS. Total assets $97.0 million. Total deposits $96.0 million in 18,400 accounts. Insured deposits assumed by Central Bank & Trust, Fort Worth, Texas. Advance dividend 75 percent of uninsured claims. FDIC outlay $34.5 million (PR-10-93).

February 25
4 (i)THE PLANTERS NATIONAL BANK OF ROSEBUD, ROSEBUD, TEXAS. Total assets $13.1 million. Total deposits $12.0 million in 2,200 accounts. Insured deposits assumed by First National Bank in Cameron, Cameron, Texas. Advance dividend 78 percent of the uninsured claims. FDIC outlay $5.8 million (PR-12-93).

February 26
5 (i)JEFFERSON NATIONAL BANK, WATERTOWN, NEW YORK. Total assets $226.5 million. Total deposits $219.0 million in 32,500 accounts. Insured deposits assumed by Fleet Bank of New York, Albany, New York. FDIC outlay $160.7 million (PR-14-93).

March 4
6 (i)FIRST AMERICAN CAPITAL BANK, N.A., LAGUNA BEACH, CALIFORNIA. Total assets $30.1 million. Total deposits $26.3 million in 2,100 accounts. Insured deposits assumed by Orange National Bank, Orange, California. FDIC outlay $16.8 million (PR-17-93).

March 18
7 (i)UNITED BANK, NATIONAL ASSOCIATION, LANCASTER, TEXAS. Total assets $46.2 million. Total deposits $46.2 million in 9,100 accounts. Insured deposits assumed by Kilgore First National Bank, Kilgore, Texas (PR-23-93).

April 1
8 (i)FIRST STATE BANK, VEGA, TEXAS. Total assets $15.7 million. Total deposits $16.8 million in 2,600 accounts. Insured deposits assumed by Citizens State Bank of Dalhart, Dalhart, Texas. FDIC outlay $9.9 million (PR-27-93).

April 2
9 (i)MIDLAND BANK OF KANSAS, MISSION, KANSAS. Total assets $129.0 million. Total deposits $121.7 million in 6,900 accounts. Insured deposits assumed by Bank IV Kansas, N.A., Wichita, Kansas. FDIC outlay $88.4 million (PR-28-93)

10 (i)COLLEGE BOULEVARD NATIONAL BANK, OVERLAND PARK, KANSAS. Total assets $206.0 million. Total deposits $191.4 million in 7,400 accounts. Insured deposits assumed by First National Bank of Kansas, Overland Park, Kansas (sub. of First National of Nebraska, Inc., Omaha). FDIC outlay $130.0 million (PR-29-93)

11 (i)OLYMPIC NATIONAL BANK, LOS ANGELES, CALIFORNIA. Total assets $83.3 million. Total deposits $81.8 million in 5,200 accounts. Insured deposits assumed by Western Bank, Los Angeles, California. Advance dividend 63 percent of uninsured claims. FDIC outlay $52.2 million (PR-30-93).

April 8
12 (i)PREMIER BANK, NORTHRIDGE, CALIFORNIA. Total assets $74.3 million. Total deposits $69.7 million in 4,700 accounts. Insured deposits assumed by Trans-World Bank, Sherman Oaks, California. Advance dividend 57 percent of uninsured claims. FDIC outlay $49.8 million (PR-33-93).

April 15
13 (i)FIRST WESTERN BANK, N.A., SAN DIEGO, CALIFORNIA. Total assets $14.2 million. Total deposits $13.4 million in 1,400 accounts. Insured deposits assumed by Peninsula Bank of San Diego, San Diego, California. Advance dividend 65 percent of uninsured claims. FDIC outlay $12.1 million (PR-34-93).

April 29
14 (i)VALLEY NATIONAL BANK OF FREMONT COUNTY, HAMBURG, IOWA. Total assets $7.2 million. Total deposits $6.8 million in 2,200 accounts. Insured deposits assumed by The Decatur County State Bank, Leon, Iowa. FDIC outlay $521,000 (PR-39-93).

April 30
15 (t)AMERICAN COMMERCE NATIONAL BANK, ANAHEIM, CALIFORNIA. Total assets $139.0 million. Total deposits $120.8 million. Insured deposits transferred to Southern California Bank, Downey, California. (PR-41-93, PR 42-93).

May 6
16 (t)WILSHIRE CENTER BANK, N.A., LOS ANGELES, CALIFORNIA. Total assets $9.5 million. Total deposits $9.3 million in 870 accounts. Insured deposits transferred to California Center Bank, Los Angeles, California. Advance dividend 59 percent of uninsured claims. FDIC outlay $9.3 million (PR-46-93, PR-48-93).

May 7
17 (i)CROWN NATIONAL BANK, CHARLOTTE, NORTH CAROLINA. Total assets $23.3 million. Total deposits $20.0 million in 1,500 accounts. Insured deposits assumed by Lincoln Bank of North Carolina, Lincolnton, North Carolina. Advance dividend 65 percent of uninsured claims. FDIC outlay $14.1 million (PR-47-93).

May 20
18 (i)PALOS VERDES NATIONAL BANK, ROLLING HILLS ESTATES, CALIFORNIA. Total assets $49.3 million. Total deposits $45.4 million in 2,900 accounts. Insured deposits assumed by Peninsula Bank, N.A., Palos Verdes, California. Advance dividend 56 percent of uninsured claims. FDIC outlay $28.7 million (PR-57-93).

May 21
19 (i)NEW ENGLAND SAVINGS BANK, NEW LONDON, CONNECTICUT. Total assets $915 million. Total deposits $700 million in 92,000 accounts. Insured deposits assumed by Citizens Savings Bank, Providence, Rhode Island. Advance dividend 75 percent of uninsured claims (PR-58-93).

June 10
20 BANCCENTRAL AMARILLO, AMARILLO, TEXAS. Total assets $34.8 million. Deposits of $33.5 million in 4,900 accounts assumed by Amarillo National Bank, Amarillo, Texas. FDIC outlay $15.0 million (PR-67-93).

June 18
21 AMERICAN BANK AND TRUST COMPANY, SAN JOSE, CALIFORNIA. Total assets $32.8 million. Deposits of $32.0 million in 2,000 accounts assumed by Bank of Santa Clara, Santa Clara, California. FDIC outlay $24.4 million (PR-71-93).

22 (p)CAPITAL BANK OF CALIFORNIA, LOS ANGELES, CALIFORNIA. Total assets $229.4 million. Total deposits $219.5 million in 14,000 accounts. Insured deposits paid out. Advance dividend 66 percent of uninsured claims. FDIC outlay $196 million (PR-72-93, PR-73-93).

June 25
23 CITY NATIONAL BANK, WASHINGTON, D.C. Total assets $24.5 million. Deposits of $22.2 million in 1,050 accounts assumed by Crestar Bank, N.A., Washington, D.C. FDIC outlay $15.2 million (PR-75-93).

July 1
24(i)EAGLE BANK OF CHAMPAIGN COUNTY, N.A., RANTOUL, ILLINIOS. Total assets $17.9 million. Total deposits of $16.6 million in about 2,500 accounts. Insured deposits assumed by Busey Bank, Urbana, Illinois. Advance dividend 80 percent of uninsured claims. (PR-79-93).

25 WESTHEIMER NATIONAL BANK, HOUSTON, TEXAS. Total assets $18.2 million. Deposits of $18.9 million in about 2,300 accounts assumed by NationsBank of Texas, N.A., Dallas, Texas. FDIC outlay $7.5 million (PR-80-93).

July 2
26 (i)JEFFERSON BANK AND TRUST, LAKEWOOD, COLORADO. Total assets $78.1 million. Total deposits of $113.3 million in 16,000 accounts. Insured deposits assumed by FirstBank of Westland, N.A., Lakewood, Colorado. Advance dividend 32 percent of uninsured claims. FDIC outlay $39.1 million. (PR-78-93).

27 (i)EMERALD CITY BANK, SEATTLE, WASHINGTON. Total assets $8.2 million. Total deposits $7.2 million in about 1,000 accounts. Insured deposits assumed by Key Bank of Washington, Tacoma, Washington. FDIC outlay $1.5 million. (PR-81-93)

July 9
28 (p)CITY THRIFT AND LOAN ASSOCIATION, LOS ANGELES, CALIFORNIA. Total assets $40.3 million. Total deposits $37.7 million in 817 accounts. Insured deposits paid out. Advance dividend 70 percent of uninsured claims. FDIC outlay $37.5 million (PR-83-93).

29 (i)FIRST CALIFORNIA BANK, LA MESA, CALIFORNIA. Total assets $79.0 million. Total deposits $75.5 million in 4,400 accounts. Of insured deposits, $51.8 million assumed by Valle De Oro Bank, N.A., Spring Valley, California, and $21.2 million assumed by Scripps Bank, San Diego, California. Advance dividend 70 percent of uninsured claims. FDIC outlay $21.2 million (PR-84-93, PR-85-93).

July 22
30 (i)FIDELITY NATIONAL BANK, HOUSTON, TEXAS. Total assets $46.5 million. Total deposits $39.1 million in 4,800 accounts. Insured deposits assumed by Comerica Bank -- Texas, Dallas, Texas. FDIC outlay $29.5 million (PR-88-93).

July 29
31 (w)THE WOLFE CITY NATIONAL BANK IN WOLFE CITY, WOLFE CITY, TEXAS. Total assets $35.5 million. Total deposits $36.4 million in 5,000 accounts. Insured deposits assumed by Sulphur Springs State Bank, Sulphur Springs, Texas. FDIC outlay $2.1 million (PR-90-93).

August 12
32 NEW ATLANTIC BANK, NATIONAL ASSOCIATION, NORFOLK, VIRGINIA. Total assets $15.1 million. Deposits of $15.3 million in 2,300 accounts assumed by Bank of Hampton Roads, Chesapeake, Virginia. FDIC outlay $4.8 million (PR-95-93).

August 25
33 (i)TARRANT BANK, FORT WORTH, TEXAS. Total assets $63.9 million. Total deposits $58.7 million in 10,700 accounts. Insured deposits assumed by First Interstate Bank of Texas, N.A., Houston, Texas. Advance dividend 52 percent of uninsured claims. FDIC outlay $35.6 million (PR-103-93).

August 27
34 (i)MARITIME BANK OF CALIFORNIA, LOS ANGELES, CALIFORNIA. Total assets $32.4 million. Total deposits $30.5 million in 1,200 accounts. Insured deposits assumed by Western Bank, Los Angeles, California; and Bay Cities National Bank, Redondo Beach, Califoria. Advance dividend 58 percent of uninsured claims. FDIC outlay $14.0 million (PR-105-93).

September 17
35 (i)REGENT THRIFT AND LOAN ASSOCIATION, SAN FRANCISCO, CALIFORNIA. Total assets $8.1 million. Total deposits $7.1 million in 430 accounts. Insured deposits assumed by Metropolitan Bank, Oakland, California. Advance dividend 80 percent of uninsured claims. FDIC outlay $2.7 million (PR-111-93).

September 24
36 (p)WESTERN UNITED NATIONAL BANK, LOS ANGELES, CALIFORNIA. Total assets $24.5 million. Total deposts $22.9 million in 1,200 accounts. Insured deposits paid out. Advance dividend 70 percent of uninsured claims. FDIC outlay $21.8 million (PR-115-93).

37 WESTSIDE BANK OF CALIFORNIA, LOS ANGELES, CALIFORNIA (SAIF-insured bank). Total assets $82.3 million. Deposits assumed by Resolution Trust Corporation, which handled the bank's resolution (PR-116-93).

October 14
38 (w)PLAZA BANK, NATIONAL ASSOCIATION OF NEW BRAUNFELS, NEW BRAUNFELS, TEXAS. Total assets $61 million. Total deposits $57.7 million in 6,600 accounts. Insured deposits assumed by Texas Commerce Bank -- New Braunfels, National Association, New Graunfels, Texas. Advance dividend 70 percent of uninsured claims (PR-119-93).

October 15
39 (p)BRENTWOOD THRIFT AND LOAN ASSOCIATION, LOS ANGELES, CALIFORNIA. Total assets $11.7 million. Total deposits $9.8 million in 200 accounts. Insured deposits paid out. Advance dividend 58 percent of uninsured claims. FDIC outlay $9.7 million (PR-120-93).

October 21
40 MID CITY BANK, NATIONAL ASSOCIATION, BREA, CALIFORNIA. Total assets $105 million. Deposits of $96.4 million in 2,400 accounts assumed by Chino Valley Bank, Ontario, California. FDIC outlay $60.1 million (PR-123-93).

October 29
41 (i)BANK OF SAN DIEGO, SAN DIEGO, CALIFORNIA. Total assets $316.8 million. Total deposits $298.4 million in 19,000 accounts. Insured deposits assumed by Grossmont Bank, La Mesa, California, and Harbor Bank, Long Beach, California. Insured money desk deposits paid out. Advance dividend 50 percent of uninsured claims. FDIC outlay $229.7 million (PR-125-93).

November 5
42 (p)CENTURY THRIFT AND LOAN, LOS ANGELES, CALIFORNIA. Total assets $33.9 million. Total deposits $25.3 million in 557 accounts. Insured deposits paid out. Advance dividend 50 percent of uninsured claims. FDIC outlay $24.9 million (PR-128-93).

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