Bank failure · CA
The Commercial Bk of California (Los Angeles, CA) — failed May 27, 1983
The Commercial Bk of California of Los Angeles, California was closed on May 27, 1983 and resolved through a purchase and assumption. First Credit Bank (CA) took over its insured deposits. At failure it held $32.4M in assets and $30.2M in deposits. The FDIC's estimated loss on the failure is $172K (0.5% of assets).
- Closing date
- May 27, 1983
- FDIC certificate #
- 21364
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Credit Bank
- Insurance fund
- FDIC
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