Bank failure · CA
Bank of Los Gatos, N.A. (Los Gatos, CA) — failed July 23, 1987
Bank of Los Gatos, N.A. of Los Gatos, California was closed on July 23, 1987 and resolved through a purchase and assumption. Bank of the West (CA) took over its insured deposits. At failure it held $13.1M in assets and $12.9M in deposits. The FDIC's estimated loss on the failure is $1.3M (9.8% of assets).
- Closing date
- July 23, 1987
- FDIC certificate #
- 25285
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of the West
- Insurance fund
- FDIC
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