Bank failure · CA
Capistrano National Bank (San Juan Capistra, CA) — failed April 5, 1985
Capistrano National Bank of San Juan Capistra, California was closed on April 5, 1985 and resolved through a purchase and assumption. Farmers&merchants Bk Lon (CA) took over its insured deposits. At failure it held $58.2M in assets and $56.7M in deposits. The FDIC's estimated loss on the failure is $6.4M (11.0% of assets).
- Closing date
- April 5, 1985
- FDIC certificate #
- 22159
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Farmers&merchants Bk Lon
- Insurance fund
- FDIC
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