Bank failure · CA

Guardian Bank (Los Angeles, CA) — failed January 20, 1995

Guardian Bank of Los Angeles, California was closed on January 20, 1995 and resolved through a insured deposit transfer. Imperial Bank (CA) took over its insured deposits. At failure it held $316.9M in assets and $297.9M in deposits. The FDIC's estimated loss on the failure is $20.5M (6.5% of assets).