ROYAL OAK S & L ASSOC. Failed 1989
What happened
ROYAL OAK S & L ASSOC. of MANTECA, 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 BANK OF STOCKTON (STOCKTON, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2341
- FDIC Certificate
- 32132
- FDIC FIN
- 7001
- Bank name
- ROYAL OAK S & L ASSOC.
- Location
- MANTECA, 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.)
- $3M
- Deposits at failure
- $36M
- Assets at failure
- $34M
- Acquiring bank
- BANK OF STOCKTON (STOCKTON, CA)