# CITY FEDERAL S & L ASSOC.

> **Failed bank** · OAKLAND, CA · failed 1989-04-06 · SL · FDIC cost $12M

## What happened

CITY FEDERAL S & L ASSOC. of OAKLAND, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $12M
- **Deposits at failure:** $28M
- **Assets at failure:** $20M
- **Acquiring bank:** MISSION NB (SAN FRANCISCO, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITY FEDERAL S & L ASSOC. (FDIC ID 2332), failed 1989-04-06. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2332.

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