# WESTCO SAVINGS BANK, FSB

> **Failed bank** · WILMINGTON, CA · failed 1989-04-27 · SL · FDIC cost $43M

## What happened

WESTCO SAVINGS BANK, FSB of WILMINGTON, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $43M
- **Deposits at failure:** $181M
- **Assets at failure:** $188M
- **Acquiring bank:** FRONTIER BANK, NA (LA PALMA, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WESTCO%20SAVINGS%20BANK%2C%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WESTCO SAVINGS BANK, FSB (FDIC ID 2362), failed 1989-04-27. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/2362.

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