Bank failure · CA

The Nat Bk of Carmel (Carmel-By-The-Sea, CA) — failed May 8, 1984

The Nat Bk of Carmel of Carmel-By-The-Sea, California was closed on May 8, 1984 and resolved through a insured deposit transfer. County Bank&trust (CA) took over its insured deposits. At failure it held $76.2M in assets and $68.4M in deposits. The FDIC's estimated loss on the failure is $6.6M (8.7% of assets).