Bank failure · CA

Western National Bank (Santa Ana, CA) — failed August 27, 1982

Western National Bank of Santa Ana, California was closed on August 27, 1982 and resolved through a purchase and assumption. Commonwealth Bank (CA) took over its insured deposits. At failure it held $25.6M in assets and $21.9M in deposits. The FDIC's estimated loss on the failure is $4.2M (16.3% of assets).