PERPETUAL SAVINGS ASSOCIATION Failed 1989
What happened
PERPETUAL SAVINGS ASSOCIATION of SANTA ANA, 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 INDUSTRY (CITY OF INDUSTRY, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2350
- FDIC Certificate
- 32528
- FDIC FIN
- 6911
- Bank name
- PERPETUAL SAVINGS ASSOCIATION
- Location
- SANTA ANA, 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
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $29M
- Assets at failure
- $19M
- Acquiring bank
- BANK OF INDUSTRY (CITY OF INDUSTRY, CA)
- FDIC comments
- FSLIC-RTC Duplicate Failures