Bank failure · CA
Saddleback National Bank (Laguna Hills, CA) — failed May 15, 1986
Saddleback National Bank of Laguna Hills, California was closed on May 15, 1986 and resolved through a insured deposit transfer. Landmark Bank (CA) took over its insured deposits. At failure it held $13.5M in assets and $13.1M in deposits. The FDIC's estimated loss on the failure is $3.9M (29.3% of assets).
- Closing date
- May 15, 1986
- FDIC certificate #
- 24645
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Landmark Bank
- Insurance fund
- FDIC
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