Bank failure · CA

First Trust Bank (Ontario, CA) — failed March 3, 1995

First Trust Bank of Ontario, California was closed on March 3, 1995 and resolved through a purchase and assumption (insured deposits). First State Bank of Califor (CA) took over its insured deposits. At failure it held $227.7M in assets and $223.6M in deposits. The FDIC's estimated loss on the failure is $25.6M (11.3% of assets).