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Bank failure · CA

First State Bank of Northern California (San Leandro, CA) — failed May 21, 1976

First State Bank of Northern California of San Leandro, California was closed on May 21, 1976 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $56.0M in assets and $53.4M in deposits.

Closing date
May 21, 1976
FDIC certificate #
18470
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1976

What happens when a bank fails