SANTA BARBARA S & L ASSOC. Failed 1990
What happened
SANTA BARBARA S & L ASSOC. of SANTA BARBARA, CA was closed on 1990-04-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF AMERICA NTSA (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2744
- FDIC Certificate
- 28666
- FDIC FIN
- 7400
- Bank name
- SANTA BARBARA S & L ASSOC.
- Location
- SANTA BARBARA, CA
- Failure date
- 1990-04-27
- FDIC resolution date
- 1991-08-09
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $1,744M
- Assets at failure
- $4,292M
- Acquiring bank
- BANK OF AMERICA NTSA (SAN FRANCISCO, CA)
Other banks BANK OF AMERICA NTSA acquired in FDIC resolutions