# SOUTH BAY S&LA

> **Failed bank** · GARDENS, CA · failed 1987-03-06 · SL · FDIC cost $5M

## What happened

SOUTH BAY S&LA of GARDENS, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $64M
- **Assets at failure:** $62M
- **Acquiring bank:** STANDARD PACIFIC SAVINGS FA (NEWPORT BEACH, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTH BAY S&LA (FDIC ID 1381), failed 1987-03-06. Retrieved via AI Analytics 2026-07-17 from https://api.ai-analytics.org/failed-bank/1381.

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