PACIFIC COAST S & LA Failed 1990
What happened
PACIFIC COAST S & LA of SAN FRANCISCO, CA was closed on 1990-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to EAST-WEST FB, FSB (SAN MARINO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2708
- FDIC Certificate
- 32097
- FDIC FIN
- 7356
- Bank name
- PACIFIC COAST S & LA
- Location
- SAN FRANCISCO, CA
- Failure date
- 1990-03-16
- FDIC resolution date
- 1991-07-12
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $56M
- Deposits at failure
- $633M
- Assets at failure
- $1,040M
- Acquiring bank
- EAST-WEST FB, FSB (SAN MARINO, CA)
Other banks EAST-WEST FB, FSB acquired in FDIC resolutions
- DELTA FSB (WESTMINSTER, CA) — failed 1991-11-08