Bank failure · CA

Balboa National Bank (National City, CA) — failed January 14, 1988

Balboa National Bank of National City, California was closed on January 14, 1988 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $29.3M in assets and $29.4M in deposits. The FDIC's estimated loss on the failure is $6.4M (21.7% of assets).