Westside Bank shifted from FDIC to RTC.

WASHINGTON -- The Federal Deposit Insurance Corp. said its board approved the transfer of Westside Bank of Southern California to the Resolution Trust Corp.

The FDIC said it was named receiver when Westside Bank closed on Sept. 24. California law requires the FDIC to be named receiver when a state-chartered bank fails.

Westside Bank had total assets of $82.3 million.

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