Bank failure · DC

City National Bank of Washington (Washington, DC) — failed June 25, 1993

City National Bank of Washington of Washington, District of Columbia was closed on June 25, 1993 and resolved through a purchase and assumption. Crestar Bank National As (DC) took over its insured deposits. At failure it held $24.0M in assets and $22.7M in deposits. The FDIC's estimated loss on the failure is $1.0M (4.3% of assets).