1994
(t) Insured deposit transfer; (p) Payoff; (a) Assistance transaction; (b) Bridge bank; (c) Conservatorship; (i) Purchase and assumption, insured deposits only.
Note: Unmarked entries denote purchase and assumption transactions in which insured and uninsured deposits were taken by the acquiror.
April 1
MECHANICS NATIONAL BANK, PARAMOUNT, CALIFORNIA. Total assets $165.8 million. Total deposits $149.4 million in 14,400 accounts. Insured deposits assumed by Home Bank, Signal Hill, California. Subsequent acquirors of Home Bank's deposits: Pacific Western National Bank, Pico Rivera; Cerritos Valley Bank, Norwalk; De Anza National Bank, Riverside; Landmark Bank, La Habra; California United Bank, Encino; and Foothills Independent Bank, Glendora. Insured money desk deposits paid out. Advance dividend 62 percent of uninsured claims. FDIC outlay $123.4 million (PR-21-94).
April 14
SUPERIOR NATIONAL BANK, KANSAS CITY, MISSOURI. Total assets $20.5 million. Total deposits $19.4 million in 1,550 accounts. Insured deposits assumed by Citizens-Jackson County Bank, Warrensburg, Missouri. Advance dividend 50 percent of uninsured claims (PR-24-94).
May 6
COMMERCIAL BANK AND TRUST COMPANY, LOWELL, MASSACHUSETTS. Total assets $32.9 million. Deposits of $31.6 million in 6,800 accounts assumed by Medford Savings Bank, Medford, Massachusetts. FDIC outlay $18.5 million (PR-29-94).
May 19
BARBARY COAST NATIONAL BANK, SAN FRANCISCO, CALIFORNIA. Total
assets $12.5 million. Deposits of $10.0 million in 480 accounts assumed by Metropolitan Bank, Oakland, California. FDIC outlay $2.6 million (PR-31-94).
June 10
THE BANK OF HARTFORD, HARTFORD, CONNECTICUT. Total assets $349.6 million. Deposits of $273.0 million in 24,100 accounts assumed by Eagle Federal Savings Bank, Bristol, Connecticut. FDIC outlay $53.9 million (PR-36-94).
July 7
MERIDEN TRUST AND SAFE DEPOSIT COMPANY, MERIDEN, CONNECTICUT. Total assets $3.2 million. FDIC established bridge bank New Meriden Trust and Safe Deposit Company PR 41-((PR 41-94.) On October 18, 1994, bridge bank sale approved to The People's Savings Bank of New Britain, New Britain, Connecticut (PR-66-94).
July 8
PIONEER BANK, FULLERTON, CALIFORNIA. Total assets $136.8 million. Total deposits $128.5 million in 4,300 accounts. Insured deposits assumed by Chino Valley Bank, Ontario, California. Insured money desk deposits paid out. Advance dividend 50 percent of uninsured claims (PR-42-94).
July 15
BANK OF SAN PEDRO, SAN PEDRO, CALIFORNIA. Total assets $123.4 million. Total deposits $115.8 million in 10,300 accounts. Insured deposits assumed by Home Bank, Signal Hill, California. Insured money desk deposits paid out. Advance dividend 50 percent of uninsured claims (PR-43-94).
July 29
COMMERCEBANK, NEWPORT BEACH, CALIFORNIA. Total assets $156.5 million. Total deposits $140.0 million in 4,600 accounts. Insured deposits assumed by California State Bank, West Covina, California. Insured money desk deposits paid out. Advance
dividend of 67 percent of uninsured claims (PR-47-94).
WESTERN COMMUNITY BANK, CORONA, CALIFORNIA. Total assests $60.6 million. Total deposits $54.8 million in 5,500 accounts. Insured deposits assumed by Bank of San Bernardino, San Bernardino, California. Insured money desk deposits paid out. Advance dividend of 50 percent of uninsured claims (PR-48-94).
August 12
BANK OF NEWPORT, NEWPORT BEACH, CALIFORNIA. Total assets $174.3
million. Total deposits $159.5 million in 19,000 accounts. Insured deposits assumed by Union Bank of San Francisco, California. Advance dividend of 50 percent of uninsured claims (PR-53-94).
August 26
CAPITAL BANK, DOWNEY, CALIFORNIA. Total assets $81.4 million. Total deposits $76.7 million 12,700 accounts. Insured deposits assumed by Landmark Bank, La Habra, California, and Commerce National Bank, City of Commerce, California. Advance dividend 70 percent of uninsured claims (PR-57-94).
October 21
LUDLOW SAVINGS BANK, LUDLOW, MASSACHUSETTS. Total assets $255.7
million. Total deposits $236.1 million in 41,800 accounts. All deposits assumed by Ludlow Savings, A Division of Albany Savings Bank, FSB, Albany, New York (PR-67-94).
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