Bank failure · CA

American Bank and Trust (San Jose, CA) — failed June 18, 1993

American Bank and Trust of San Jose, California was closed on June 18, 1993 and resolved through a purchase and assumption. Bank of Santa Clara (CA) took over its insured deposits. At failure it held $35.6M in assets and $34.6M in deposits. The FDIC's estimated loss on the failure is $5.5M (15.5% of assets).