Bank failure · CA

West Olympia Bank (Los Angeles, CA) — failed February 10, 1984

West Olympia Bank of Los Angeles, California was closed on February 10, 1984 and resolved through a purchase and assumption. Wilshire State Bank (CA) took over its insured deposits. At failure it held $20.4M in assets and $19.9M in deposits. The FDIC's estimated loss on the failure is $3.0M (14.6% of assets).