LIBERTY FEDERAL SAVINGS BANK Failed 1990
What happened
LIBERTY FEDERAL SAVINGS BANK of MONTEBELLO, CA was closed on 1990-11-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMERCE NB (MONTEBELLO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2941
- FDIC Certificate
- 32184
- FDIC FIN
- 7316
- Bank name
- LIBERTY FEDERAL SAVINGS BANK
- Location
- MONTEBELLO, CA
- Failure date
- 1990-11-16
- FDIC resolution date
- 1991-06-07
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $52M
- Assets at failure
- $54M
- Acquiring bank
- COMMERCE NB (MONTEBELLO, CA)