Bank failure · CA

Mid City Bank, N.A. (Brea, CA) — failed October 21, 1993

Mid City Bank, N.A. of Brea, California was closed on October 21, 1993 and resolved through a purchase and assumption. Chino Valley Bank (CA) took over its insured deposits. At failure it held $105.7M in assets and $102.6M in deposits. The FDIC's estimated loss on the failure is $14.3M (13.5% of assets).