SOUTH BAY S&LA Failed 1987
What happened
SOUTH BAY S&LA of GARDENS, CA was closed on 1987-03-06. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to STANDARD PACIFIC SAVINGS FA (NEWPORT BEACH, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1381
- FDIC Certificate
- 32163
- FDIC FIN
- 1702
- Bank name
- SOUTH BAY S&LA
- Location
- GARDENS, CA
- Failure date
- 1987-03-06
- FDIC resolution date
- 1987-03-06
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $64M
- Assets at failure
- $62M
- Acquiring bank
- STANDARD PACIFIC SAVINGS FA (NEWPORT BEACH, CA)