Bank failure · CA
Western Community Bank (Corona, CA) — failed July 29, 1994
Western Community Bank of Corona, California was closed on July 29, 1994 and resolved through a purchase and assumption (insured deposits). Bank of San Bernardino (CA) took over its insured deposits. At failure it held $54.0M in assets and $53.1M in deposits. The FDIC's estimated loss on the failure is $2.6M (4.8% of assets).
- Closing date
- July 29, 1994
- FDIC certificate #
- 23157
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Bank of San Bernardino
- Insurance fund
- BIF
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