SARATOGA S & L ASSOCIATION Failed 1989
What happened
SARATOGA S & L ASSOCIATION of SAN JOSE, CA was closed on 1989-11-09. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to PACIFIC WESTERN BANK (SAN CRUZ, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2554
- FDIC Certificate
- 32162
- FDIC FIN
- 7042
- Bank name
- SARATOGA S & L ASSOCIATION
- Location
- SAN JOSE, CA
- Failure date
- 1989-11-09
- FDIC resolution date
- 1990-06-01
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $19M
- Deposits at failure
- $82M
- Assets at failure
- $84M
- Acquiring bank
- PACIFIC WESTERN BANK (SAN CRUZ, CA)
Other banks PACIFIC WESTERN BANK acquired in FDIC resolutions