# GIBRALTAR SAVINGS, FA

> **Failed bank** · SIMI VALLEY, CA · failed 1989-03-31 · SL · FDIC cost $95M

## What happened

GIBRALTAR SAVINGS, FA of SIMI VALLEY, CA was closed by state regulators on **1989-03-31**. The FDIC was named receiver.

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

Deposits were transferred to **SECURITY PACIFIC NB, NA** (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2311
- **FDIC Certificate:** 31629
- **FDIC FIN:** 7119
- **Bank name:** GIBRALTAR SAVINGS, FA
- **Location:** SIMI VALLEY, CA
- **Failure date:** 1989-03-31
- **FDIC resolution date:** 1990-06-29
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $95M
- **Deposits at failure:** $7,575M
- **Assets at failure:** $13,382M
- **Acquiring bank:** SECURITY PACIFIC NB, NA (LOS ANGELES, CA)

## Other banks SECURITY PACIFIC NB, NA has acquired in FDIC resolutions

- MERCURY SAVINGS (HUNTINGTON BEACH, CA) — failed 1990-02-23 — /failed-bank/2677
- WASHINGTON S & L ASSOC. (STOCKTON, CA) — failed 1989-04-06 — /failed-bank/2340

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GIBRALTAR%20SAVINGS%2C%20FA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GIBRALTAR SAVINGS, FA (FDIC ID 2311), failed 1989-03-31. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/2311.

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