Bank failure · CA
Delta Pacific Bank (Pittsburg, CA) — failed October 30, 1987
Delta Pacific Bank of Pittsburg, California was closed on October 30, 1987 and resolved through a purchase and assumption. Central Bank (CA) took over its insured deposits. At failure it held $17.7M in assets and $17.0M in deposits. The FDIC's estimated loss on the failure is $1.3M (7.5% of assets).
- Closing date
- October 30, 1987
- FDIC certificate #
- 22316
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Central Bank
- Insurance fund
- FDIC
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