TellerScore

Bank failure · CA

West Coast Bank (Los Angeles, CA) — failed April 27, 1984

West Coast Bank of Los Angeles, California was closed on April 27, 1984 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $198.2M in assets and $190.0M in deposits. The FDIC's estimated loss on the failure is $12.7M (6.4% of assets).

Closing date
April 27, 1984
FDIC certificate #
22744
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

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What happens when a bank fails