# SARATOGA S & L ASSOCIATION

> **Failed bank** · SAN JOSE, CA · failed 1989-11-09 · SL · FDIC cost $19M

## What happened

SARATOGA S & L ASSOCIATION of SAN JOSE, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $19M
- **Deposits at failure:** $82M
- **Assets at failure:** $84M
- **Acquiring bank:** PACIFIC WESTERN BANK (SAN CRUZ, CA)

## Other banks PACIFIC WESTERN BANK has acquired in FDIC resolutions

- LOS PADRES BANK (SOLVANG, CA) — failed 2010-08-20 — /failed-bank/3850
- AFFINITY BANK (VENTURA, CA) — failed 2009-08-28 — /failed-bank/3676
- SECURITY PACIFIC BANK (SAN DIEGO, CA) — failed 2008-11-07 — /failed-bank/3573

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SARATOGA%20S%20%26%20L%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SARATOGA S & L ASSOCIATION (FDIC ID 2554), failed 1989-11-09. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/2554.

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