Bank failure · CA
Barbary Coast National Bank (San Francisco, CA) — failed May 19, 1994
Barbary Coast National Bank of San Francisco, California was closed on May 19, 1994 and resolved through a purchase and assumption. Metropolitan Bank (CA) took over its insured deposits. At failure it held $10.7M in assets and $9.3M in deposits. The FDIC's estimated loss on the failure is $684K (6.4% of assets).
- Closing date
- May 19, 1994
- FDIC certificate #
- 27027
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Metropolitan Bank
- Insurance fund
- BIF
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