CITY FEDERAL S & L ASSOC. Failed 1989
What happened
CITY FEDERAL S & L ASSOC. of OAKLAND, CA was closed on 1989-04-06. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to MISSION NB (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2332
- FDIC Certificate
- 31691
- FDIC FIN
- 7019
- Bank name
- CITY FEDERAL S & L ASSOC.
- Location
- OAKLAND, CA
- Failure date
- 1989-04-06
- FDIC resolution date
- 1990-05-18
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $12M
- Deposits at failure
- $28M
- Assets at failure
- $20M
- Acquiring bank
- MISSION NB (SAN FRANCISCO, CA)