ORANGE COAST THRIFT & LOAN ASSOCIATION Failed 1986

LOS ALAMITOS, CA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

ORANGE COAST THRIFT & LOAN ASSOCIATION of LOS ALAMITOS, CA was closed on 1986-06-27. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CAPITOL THRIFT&LOAN ASSN (NAPA, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1220
FDIC Certificate
26439
FDIC FIN
2572
Bank name
ORANGE COAST THRIFT & LOAN ASSOCIATION
Location
LOS ALAMITOS, CA
Failure date
1986-06-27
FDIC resolution date
1986-06-27
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$5M
Deposits at failure
$12M
Assets at failure
$14M
Acquiring bank
CAPITOL THRIFT&LOAN ASSN (NAPA, CA)