PIONEER SAVINGS BANK, FSB Failed 1990
What happened
PIONEER SAVINGS BANK, FSB of CLEARWATER, FL was closed on 1990-02-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GREAT WESTERN BANK, FSB (BEVERLY HILLS, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2644
- FDIC Certificate
- 30803
- FDIC FIN
- 7279
- Bank name
- PIONEER SAVINGS BANK, FSB
- Location
- CLEARWATER, FL
- Failure date
- 1990-02-02
- FDIC resolution date
- 1991-03-01
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $217M
- Deposits at failure
- $1,424M
- Assets at failure
- $1,936M
- Acquiring bank
- GREAT WESTERN BANK, FSB (BEVERLY HILLS, CA)
Other banks GREAT WESTERN BANK, FSB acquired in FDIC resolutions