Bank failure · CA
California Heritage Bank (San Diego, CA) — failed November 22, 1985
California Heritage Bank of San Diego, California was closed on November 22, 1985 and resolved through a purchase and assumption. Grossmont Bank (CA) took over its insured deposits. At failure it held $24.1M in assets and $22.4M in deposits. The FDIC's estimated loss on the failure is $3.2M (13.4% of assets).
- Closing date
- November 22, 1985
- FDIC certificate #
- 21691
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Grossmont Bank
- Insurance fund
- FDIC
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