Bank failure · CA
Capital Bank (Downey, CA) — failed August 26, 1994
Capital Bank of Downey, California was closed on August 26, 1994 and resolved through a purchase and assumption (insured deposits). Landmark Bank (CA) took over its insured deposits. At failure it held $76.9M in assets and $74.4M in deposits. The FDIC's estimated loss on the failure is $17.8M (23.2% of assets).
- Closing date
- August 26, 1994
- FDIC certificate #
- 3432
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Landmark Bank
- Insurance fund
- BIF
Other failures in 1994
- Cornerstone Bank FSB CA
- Ludlow Savings Bank MA
- Bank of Newport CA
- Commerce Bank CA
- Western Community Bank CA
- Bank of San Pedro CA
- Pioneer Bank CA
- The Meriden Trust and Safe Deposit CT
- The Bank of Hartford CT
- Encino Savings Bank, FSB CA
- Barbary Coast National Bank CA
- Commercial Bank and Trust Company MA
- Superior National Bank MO
- Mechanics National Bank CA