# FIRST SECURITY  SB

> **Failed bank** · PLEASANT HILL, CA · failed 1988-07-21 · SL · FDIC cost $45M

## What happened

FIRST SECURITY  SB of PLEASANT HILL, CA was closed by state regulators on **1988-07-21**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **COLUMBUS SAVINGS, A FS&LA** (WALNUT CREEK, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1798
- **FDIC Certificate:** 31898
- **FDIC FIN:** 1783
- **Bank name:** FIRST SECURITY  SB
- **Location:** PLEASANT HILL, CA
- **Failure date:** 1988-07-21
- **FDIC resolution date:** 1988-12-31
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $45M
- **Deposits at failure:** $133M
- **Assets at failure:** $177M
- **Acquiring bank:** COLUMBUS SAVINGS, A FS&LA (WALNUT CREEK, CA)

## Other banks COLUMBUS SAVINGS, A FS&LA has acquired in FDIC resolutions

- CAL AMERICA S&LA (WALNUT CREEK, CA) — failed 1986-09-19 — /failed-bank/1278
- COLUMBUS S&LA (SAN RAFAEL, CA) — failed 1986-04-14 — /failed-bank/1179

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20SECURITY%20%20SB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SECURITY  SB (FDIC ID 1798), failed 1988-07-21. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1798.

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