Bank failure · CA
The Bank of Northern California (San Jose, CA) — failed November 14, 1986
The Bank of Northern California of San Jose, California was closed on November 14, 1986 and resolved through a purchase and assumption. Pacific Valley Bank (CA) took over its insured deposits. At failure it held $16.1M in assets and $15.8M in deposits. The FDIC's estimated loss on the failure is $133K (0.8% of assets).
- Closing date
- November 14, 1986
- FDIC certificate #
- 24395
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Pacific Valley Bank
- Insurance fund
- FDIC
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