Data / Bank failures / 1984 / The Nat BK of Carmel
The Nat BK of Carmel, Carmel-By-The-Sea, CA: failed May 8, 1984
The Nat BK of Carmel in Carmel-By-The-Sea, California, failed on May 8, 1984. County BANK&TRUST of Santa Cruz, CA, took over its deposits. It held $76.2 million in assets and $68.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6.6 million (8.7% of its assets). By assets it was the 23rd largest of 106 banks closed or assisted in 1984.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- May 8, 1984
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- County BANK&TRUST, Santa Cruz, CA
- Total assets
- $76,185,000
- Total deposits
- $68,381,000
- Estimated cost to the FDIC
- $6,638,362 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 23358
Other bank failures in California, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First National Bank | Willows | November 20, 1986 | $63 million | $59.2 million | $2.5 million | First Interstate CNTL Ba |
| The Bank of Northern California | San Jose | November 14, 1986 | $16.1 million | $15.8 million | $133,250 | Pacific Valley Bank |
| Unified Savings Bank | Northridge | October 10, 1986 | $102.8 million | $104.8 million | ||
| Independent National Bank | Covina | October 9, 1986 | $28.3 million | $27.7 million | $1.4 million | Chino Valley Bank |
| Frontier National Bank | Vista | October 2, 1986 | $9.9 million | $10.6 million | $1.7 million | Rancho Vista National Ba |
| Cal America S&LA (assistance) | Walnut Creek | September 19, 1986 | $413 million | $367.8 million | $166.7 million | Columbus Savings, A FS&LA |
| Ramona S&LA | Fillmore | September 12, 1986 | $108.1 million | $96 million | $59.5 million | Midwest FS&LA of Minneapoli |
| Sun S&LA (assistance) | San Diego | July 18, 1986 | $370.9 million | $334.4 million | $39.8 million | Flagship FSB |
All bank failures in 1984 · All bank failures in California · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.