# LIBERTY FEDERAL SAVINGS BANK

> **Failed bank** · MONTEBELLO, CA · failed 1990-11-16 · Savings bank · FDIC cost $3M

## What happened

LIBERTY FEDERAL SAVINGS BANK of MONTEBELLO, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $52M
- **Assets at failure:** $54M
- **Acquiring bank:** COMMERCE NB (MONTEBELLO, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=LIBERTY%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LIBERTY FEDERAL SAVINGS BANK (FDIC ID 2941), failed 1990-11-16. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2941.

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