PACIFIC SAVINGS BANK Failed 1989
What happened
PACIFIC SAVINGS BANK of COSTA MESA, CA was closed on 1989-02-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ROYAL TRUST HOLDINGS (SEATTLE, WA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2087
- FDIC Certificate
- 28560
- FDIC FIN
- 6940
- Bank name
- PACIFIC SAVINGS BANK
- Location
- COSTA MESA, CA
- Failure date
- 1989-02-07
- FDIC resolution date
- 1989-10-13
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $188M
- Deposits at failure
- $1,019M
- Assets at failure
- $1,118M
- Acquiring bank
- ROYAL TRUST HOLDINGS (SEATTLE, WA)