INVESTMENT FS & LA Failed 1990
What happened
INVESTMENT FS & LA of CHATSWORTH, CA was closed on 1990-01-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIDELITY FB, FSB (GLENDALE, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2612
- FDIC Certificate
- 31944
- FDIC FIN
- 7150
- Bank name
- INVESTMENT FS & LA
- Location
- CHATSWORTH, CA
- Failure date
- 1990-01-11
- FDIC resolution date
- 1990-08-24
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $241M
- Assets at failure
- $248M
- Acquiring bank
- FIDELITY FB, FSB (GLENDALE, CA)
Other banks FIDELITY FB, FSB acquired in FDIC resolutions