COUNTY BANK, FSB Failed 1991
What happened
COUNTY BANK, FSB of SANTA BARBARA, CA was closed on 1991-03-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HOME SAVINGS OF AMERICA, FS (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3054
- FDIC Certificate
- 32095
- FDIC FIN
- 2197
- Bank name
- COUNTY BANK, FSB
- Location
- SANTA BARBARA, CA
- Failure date
- 1991-03-27
- FDIC resolution date
- 1992-03-27
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $103M
- Deposits at failure
- $962M
- Assets at failure
- $1,172M
- Acquiring bank
- HOME SAVINGS OF AMERICA, FS (LOS ANGELES, CA)
Other banks HOME SAVINGS OF AMERICA, FS acquired in FDIC resolutions