Bank failure · CA
Bank of San Marino (San Marino, CA) — failed April 8, 1983
Bank of San Marino of San Marino, California was closed on April 8, 1983 and resolved through a purchase and assumption. Trans American National (CA) took over its insured deposits. At failure it held $13.0M in assets and $12.8M in deposits. The FDIC's estimated loss on the failure is $1.7M (13.2% of assets).
- Closing date
- April 8, 1983
- FDIC certificate #
- 23143
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Trans American National
- Insurance fund
- FDIC
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