SOUTHERN CALIFORNIA S&LA Failed 1985
What happened
SOUTHERN CALIFORNIA S&LA of BEVERLY HILLS, CA was closed on 1985-06-06. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to SOUTHERN CALIFORNIA FS&LA (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1005
- FDIC Certificate
- 28621
- FDIC FIN
- 1707
- Bank name
- SOUTHERN CALIFORNIA S&LA
- Location
- BEVERLY HILLS, CA
- Failure date
- 1985-06-06
- FDIC resolution date
- 1987-04-30
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $224M
- Deposits at failure
- $1,264M
- Assets at failure
- $1,493M
- Acquiring bank
- SOUTHERN CALIFORNIA FS&LA (LOS ANGELES, CA)