WHITTIER THRIFT & LOAN Failed 1987

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

What happened

WHITTIER THRIFT & LOAN of WHITTIER, CA was closed on 1987-06-12. The FDIC was named receiver.

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

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

Key facts

FDIC ID
1452
FDIC Certificate
26362
FDIC FIN
2697
Bank name
WHITTIER THRIFT & LOAN
Location
WHITTIER, CA
Failure date
1987-06-12
FDIC resolution date
1987-06-12
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.)
$3M
Deposits at failure
$14M
Assets at failure
$15M
Acquiring bank
LIBERTY THRIFT&LOAN (WHITTIER, CA)