# LINCOLN SAVINGS & LOAN

> **Failed bank** · IRVINE, CA · failed 1989-04-14 · SL · FDIC cost $3,143M

## What happened

LINCOLN SAVINGS & LOAN of IRVINE, CA was closed by state regulators on **1989-04-14**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **GREAT WESTERN BANK, FSB** (BEVERLY HILLS, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2355
- **FDIC Certificate:** 29642
- **FDIC FIN:** 7283
- **Bank name:** LINCOLN SAVINGS & LOAN
- **Location:** IRVINE, CA
- **Failure date:** 1989-04-14
- **FDIC resolution date:** 1991-03-08
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3,143M
- **Deposits at failure:** $4,194M
- **Assets at failure:** $4,857M
- **Acquiring bank:** GREAT WESTERN BANK, FSB (BEVERLY HILLS, CA)

## Other banks GREAT WESTERN BANK, FSB has acquired in FDIC resolutions

- THE FIRST, FEDERAL ASSOCIATION (ORLANDO, FL) — failed 1991-10-11 — /failed-bank/3214
- AMERIFIRST FEDERAL SAVINGS (MIAMI, FL) — failed 1991-03-15 — /failed-bank/3040
- PIONEER SAVINGS BANK, FSB (CLEARWATER, FL) — failed 1990-02-02 — /failed-bank/2644
- CENTRUST BANK, SB (MIAMI, FL) — failed 1990-02-02 — /failed-bank/2642

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=LINCOLN%20SAVINGS%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LINCOLN SAVINGS & LOAN (FDIC ID 2355), failed 1989-04-14. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2355.

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