MT. WHITNEY S&LA Failed 1986
What happened
MT. WHITNEY S&LA of EXETER, CA was closed on 1986-02-12. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to GUARDIAN S&LA (LONG BEACH, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1144
- FDIC Certificate
- 32058
- FDIC FIN
- 7566
- Bank name
- MT. WHITNEY S&LA
- Location
- EXETER, CA
- Failure date
- 1986-02-12
- FDIC resolution date
- 1988-02-26
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $30M
- Deposits at failure
- $84M
- Assets at failure
- $82M
- Acquiring bank
- GUARDIAN S&LA (LONG BEACH, CA)