Bank failure · CA

Premier Bank (Northridge, CA) — failed April 8, 1993

Premier Bank of Northridge, California was closed on April 8, 1993 and resolved through a purchase and assumption (insured deposits). Trans-World Bank (CA) took over its insured deposits. At failure it held $73.0M in assets and $69.8M in deposits. The FDIC's estimated loss on the failure is $8.9M (12.1% of assets).