# PERPETUAL SAVINGS ASSOCIATION

> **Failed bank** · SANTA ANA, CA · failed 1989-04-06 · SL · FDIC cost $13M

## What happened

PERPETUAL SAVINGS ASSOCIATION of SANTA ANA, 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 **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
- **Estimated FDIC DIF cost:** $13M
- **Deposits at failure:** $29M
- **Assets at failure:** $19M
- **Acquiring bank:** BANK OF INDUSTRY (CITY OF INDUSTRY, CA)
- **FDIC comments:** FSLIC-RTC Duplicate Failures

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PERPETUAL%20SAVINGS%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PERPETUAL SAVINGS ASSOCIATION (FDIC ID 2350), failed 1989-04-06. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2350.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*