Bank failure · CA
Center National Bank (Los Angeles, CA) — failed April 11, 1986
Center National Bank of Los Angeles, California was closed on April 11, 1986 and resolved through a purchase and assumption. Independence Bank (CA) took over its insured deposits. At failure it held $47.7M in assets and $45.7M in deposits. The FDIC's estimated loss on the failure is $10.9M (22.9% of assets).
- Closing date
- April 11, 1986
- FDIC certificate #
- 23920
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Independence Bank
- Insurance fund
- FDIC
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