Bank failure · CA

Bank of Irvine (Irvine, CA) — failed May 18, 1984

Bank of Irvine of Irvine, California was closed on May 18, 1984 and resolved through a purchase and assumption. Security Pacific State B (CA) took over its insured deposits. At failure it held $31.0M in assets and $29.4M in deposits. The FDIC's estimated loss on the failure is $2.3M (7.4% of assets).