BUTTERFIELD S&LA Failed 1985
What happened
BUTTERFIELD S&LA of SANTA ANA, CA was closed on 1985-08-07. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to DOWNEY S&LA (NEWPORT BEACH, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1046
- FDIC Certificate
- 29540
- FDIC FIN
- 1754
- Bank name
- BUTTERFIELD S&LA
- Location
- SANTA ANA, CA
- Failure date
- 1985-08-07
- FDIC resolution date
- 1988-09-29
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $371M
- Deposits at failure
- $768M
- Assets at failure
- $708M
- Acquiring bank
- DOWNEY S&LA (NEWPORT BEACH, CA)