# WESTWOOD S & L ASSOC.

> **Failed bank** · LOS ANGELES, CA · failed 1989-02-17 · SL · FDIC cost $237M

## What happened

WESTWOOD S & L ASSOC. of LOS ANGELES, CA was closed by state regulators on **1989-02-17**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIDELITY FB, FSB** (GLENDALE, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2127
- **FDIC Certificate:** 31927
- **FDIC FIN:** 7149
- **Bank name:** WESTWOOD S & L ASSOC.
- **Location:** LOS ANGELES, CA
- **Failure date:** 1989-02-17
- **FDIC resolution date:** 1990-08-24
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $237M
- **Deposits at failure:** $397M
- **Assets at failure:** $328M
- **Acquiring bank:** FIDELITY FB, FSB (GLENDALE, CA)
- **FDIC comments:** FSLIC-RTC Duplicate Failures

## Other banks FIDELITY FB, FSB has acquired in FDIC resolutions

- INVESTMENT FS & LA (CHATSWORTH, CA) — failed 1990-01-11 — /failed-bank/2612

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WESTWOOD%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WESTWOOD S & L ASSOC. (FDIC ID 2127), failed 1989-02-17. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2127.

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