# CITY S & L ASSOC.

> **Failed bank** · WESTLAKE VILLAGE, CA · failed 1989-04-06 · SL · FDIC cost $3M

## What happened

CITY S & L ASSOC. of WESTLAKE VILLAGE, 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 **OLYMPIA NB** (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2343
- **FDIC Certificate:** 32197
- **FDIC FIN:** 6912
- **Bank name:** CITY S & L ASSOC.
- **Location:** WESTLAKE VILLAGE, CA
- **Failure date:** 1989-04-06
- **FDIC resolution date:** 1989-08-25
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $34M
- **Assets at failure:** $33M
- **Acquiring bank:** OLYMPIA NB (LOS ANGELES, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITY S & L ASSOC. (FDIC ID 2343), failed 1989-04-06. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/2343.

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