# PACIFIC SAVINGS BANK

> **Failed bank** · COSTA MESA, CA · failed 1989-02-07 · SL · FDIC cost $188M

## What happened

PACIFIC SAVINGS BANK of COSTA MESA, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $188M
- **Deposits at failure:** $1,019M
- **Assets at failure:** $1,118M
- **Acquiring bank:** ROYAL TRUST HOLDINGS (SEATTLE, WA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PACIFIC%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PACIFIC SAVINGS BANK (FDIC ID 2087), failed 1989-02-07. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2087.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*