Bank failure · CA

Pacific Coast Bank (San Diego, CA) — failed April 29, 1982

Pacific Coast Bank of San Diego, California was closed on April 29, 1982 and resolved through a purchase and assumption. Commonwealth Bank (CA) took over its insured deposits. At failure it held $9.8M in assets and $8.7M in deposits. The FDIC's estimated loss on the failure is $4.9M (50.5% of assets).