AMERICAN S&LA Failed 1988
What happened
AMERICAN S&LA of STOCKTON, CA was closed on 1988-09-07. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to AMERICAN SAVINGS BANK FA (STOCKTON, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1916
- FDIC Certificate
- 28559
- FDIC FIN
- 1776
- Bank name
- AMERICAN S&LA
- Location
- STOCKTON, CA
- Failure date
- 1988-09-07
- FDIC resolution date
- 1988-12-28
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $5,370M
- Deposits at failure
- $15,411M
- Assets at failure
- $30,162M
- Acquiring bank
- AMERICAN SAVINGS BANK FA (STOCKTON, CA)