STANFORD S&LA Failed 1988
What happened
STANFORD S&LA of PALO ALTO, CA was closed on 1988-06-24. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to EUREKA FS&LA (SAN CARLOS, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1783
- FDIC Certificate
- 32121
- FDIC FIN
- 1733
- Bank name
- STANFORD S&LA
- Location
- PALO ALTO, CA
- Failure date
- 1988-06-24
- FDIC resolution date
- 1988-06-24
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $17M
- Deposits at failure
- $80M
- Assets at failure
- $73M
- Acquiring bank
- EUREKA FS&LA (SAN CARLOS, CA)
Other banks EUREKA FS&LA acquired in FDIC resolutions