# TIME FS & LA

> **Failed bank** · SAN FRANCISCO, CA · failed 1990-06-01 · SL · FDIC cost $3M

## What happened

TIME FS & LA of SAN FRANCISCO, CA was closed by state regulators on **1990-06-01**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **SUN SB, FSB** (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2798
- **FDIC Certificate:** 31671
- **FDIC FIN:** 7292
- **Bank name:** TIME FS & LA
- **Location:** SAN FRANCISCO, CA
- **Failure date:** 1990-06-01
- **FDIC resolution date:** 1991-05-17
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $54M
- **Assets at failure:** $58M
- **Acquiring bank:** SUN SB, FSB (LOS ANGELES, CA)

## Other banks SUN SB, FSB has acquired in FDIC resolutions

- SIERRA S & L ASSOC. (BEVERLY HILLS, CA) — failed 1989-07-20 — /failed-bank/2448

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TIME FS & LA (FDIC ID 2798), failed 1990-06-01. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2798.

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