WASHINGTON S & L ASSOC. Failed 1989
What happened
WASHINGTON S & L ASSOC. of STOCKTON, 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 SECURITY PACIFIC NB, NA (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2340
- FDIC Certificate
- 32087
- FDIC FIN
- 7002
- Bank name
- WASHINGTON S & L ASSOC.
- Location
- STOCKTON, CA
- Failure date
- 1989-04-06
- FDIC resolution date
- 1990-05-11
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $69M
- Assets at failure
- $67M
- Acquiring bank
- SECURITY PACIFIC NB, NA (LOS ANGELES, CA)
Other banks SECURITY PACIFIC NB, NA acquired in FDIC resolutions