WESTERN EMPIRE FS & LA Failed 1990
What happened
WESTERN EMPIRE FS & LA of YORBA LINDA, CA was closed on 1990-02-16. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to SOUTHERN CALIFORNIA BANK (DOWNEY, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2663
- FDIC Certificate
- 32101
- FDIC FIN
- 7156
- Bank name
- WESTERN EMPIRE FS & LA
- Location
- YORBA LINDA, CA
- Failure date
- 1990-02-16
- FDIC resolution date
- 1990-08-31
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $27M
- Deposits at failure
- $318M
- Assets at failure
- $407M
- Acquiring bank
- SOUTHERN CALIFORNIA BANK (DOWNEY, CA)
Other banks SOUTHERN CALIFORNIA BANK acquired in FDIC resolutions