Bank failure · CA

Manilabank (Los Angeles, CA) — failed March 8, 1991

Manilabank of Los Angeles, California was closed on March 8, 1991 and resolved through a purchase and assumption. Ust California, National As (CA) took over its insured deposits. At failure it held $20.8M in assets and $20.3M in deposits. The FDIC's estimated loss on the failure is $3.9M (18.9% of assets).