Bank failure · CA
The Wilshire Bank, National Assoc (Los Angeles, CA) — failed May 31, 1990
The Wilshire Bank, National Assoc of Los Angeles, California was closed on May 31, 1990 and resolved through a purchase and assumption. Mid City Bank, National Ass (CA) took over its insured deposits. At failure it held $24.8M in assets and $23.9M in deposits. The FDIC's estimated loss on the failure is $3.4M (13.9% of assets).
- Closing date
- May 31, 1990
- FDIC certificate #
- 23499
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Mid City Bank, National Ass
- Insurance fund
- BIF
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