HUNTINGTON FS & LA Failed 1990
What happened
HUNTINGTON FS & LA of HUNTINGTON BEACH, CA was closed on 1990-02-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN SB, FA (STOCKTON, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2651
- FDIC Certificate
- 32094
- FDIC FIN
- 7099
- Bank name
- HUNTINGTON FS & LA
- Location
- HUNTINGTON BEACH, CA
- Failure date
- 1990-02-09
- FDIC resolution date
- 1990-06-22
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $120M
- Assets at failure
- $120M
- Acquiring bank
- AMERICAN SB, FA (STOCKTON, CA)
Other banks AMERICAN SB, FA acquired in FDIC resolutions