Bank failure · CA

First National Bank (Willows, CA) — failed November 20, 1986

First National Bank of Willows, California was closed on November 20, 1986 and resolved through a purchase and assumption. First Interstate Cntl Ba (CA) took over its insured deposits. At failure it held $63.0M in assets and $59.2M in deposits. The FDIC's estimated loss on the failure is $2.5M (3.9% of assets).