Bank failure · CA
Bank of San Pedro (Los Angeles, CA) — failed July 15, 1994
Bank of San Pedro of Los Angeles, California was closed on July 15, 1994 and resolved through a purchase and assumption (insured deposits). Home Bank (CA) took over its insured deposits. At failure it held $132.6M in assets and $128.3M in deposits. The FDIC's estimated loss on the failure is $28.8M (21.7% of assets).
- Closing date
- July 15, 1994
- FDIC certificate #
- 21922
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Home Bank
- Insurance fund
- BIF
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