# PENINSULA S & LA

> **Failed bank** · SOUTH SAN FRANCISCO, CA · failed 1990-05-04 · SL · FDIC cost $1M

## What happened

PENINSULA S & LA of SOUTH SAN FRANCISCO, CA was closed by state regulators on **1990-05-04**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **WESTCAL NB** (SAN MATEO, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2753
- **FDIC Certificate:** 31982
- **FDIC FIN:** 7100
- **Bank name:** PENINSULA S & LA
- **Location:** SOUTH SAN FRANCISCO, CA
- **Failure date:** 1990-05-04
- **FDIC resolution date:** 1990-06-22
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $46M
- **Assets at failure:** $52M
- **Acquiring bank:** WESTCAL NB (SAN MATEO, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PENINSULA%20S%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PENINSULA S & LA (FDIC ID 2753), failed 1990-05-04. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/failed-bank/2753.

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