WESTCO SAVINGS BANK, FSB Failed 1989
What happened
WESTCO SAVINGS BANK, FSB of WILMINGTON, CA was closed on 1989-04-27. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FRONTIER BANK, NA (LA PALMA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2362
- FDIC Certificate
- 28508
- FDIC FIN
- 6973
- Bank name
- WESTCO SAVINGS BANK, FSB
- Location
- WILMINGTON, CA
- Failure date
- 1989-04-27
- FDIC resolution date
- 1990-04-27
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $43M
- Deposits at failure
- $181M
- Assets at failure
- $188M
- Acquiring bank
- FRONTIER BANK, NA (LA PALMA, CA)