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Showing posts with the label Mirae Bank

Another minority bank fails - Mirae Bank, Los Angeles, CA

According to the FDIC, "On Friday, June 26, 2009, Mirae Bank (Asian), Los Angeles, CA was closed by the California Department of Financial Institutions, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All deposit accounts have been transferred to Wilshire State Bank, Los Angeles, CA ("assuming institution") and will be available immediately. On Monday, June 29, 2009, the former Mirae Bank locations will reopen as branches of Wilshire State Bank."