# FOUNDERS FEDERAL S & L

> **Failed bank** · LOS ANGELES, CA · failed 1989-04-06 · SL · FDIC cost $78M

## What happened

FOUNDERS FEDERAL S & L of LOS ANGELES, 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 **FOUNDERS NB OF LOS ANGELES** (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2333
- **FDIC Certificate:** 31697
- **FDIC FIN:** 7272
- **Bank name:** FOUNDERS FEDERAL S & L
- **Location:** LOS ANGELES, CA
- **Failure date:** 1989-04-06
- **FDIC resolution date:** 1991-01-18
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $78M
- **Deposits at failure:** $167M
- **Assets at failure:** $135M
- **Acquiring bank:** FOUNDERS NB OF LOS ANGELES (LOS ANGELES, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FOUNDERS FEDERAL S & L (FDIC ID 2333), failed 1989-04-06. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2333.

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