# BUTTERFIELD  S&LA

> **Failed bank** · SANTA ANA, CA · failed 1985-08-07 · SL · FDIC cost $371M

## What happened

BUTTERFIELD  S&LA of SANTA ANA, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $371M
- **Deposits at failure:** $768M
- **Assets at failure:** $708M
- **Acquiring bank:** DOWNEY S&LA (NEWPORT BEACH, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BUTTERFIELD%20%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BUTTERFIELD  S&LA (FDIC ID 1046), failed 1985-08-07. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1046.

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