# WHITTIER THRIFT & LOAN

> **Failed bank** · WHITTIER, CA · failed 1987-06-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

WHITTIER THRIFT & LOAN of WHITTIER, CA was closed by regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $14M
- **Assets at failure:** $15M
- **Acquiring bank:** LIBERTY THRIFT&LOAN (WHITTIER, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WHITTIER%20THRIFT%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WHITTIER THRIFT & LOAN (FDIC ID 1452), failed 1987-06-12. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1452.

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