EXECUTIVE SB, FSB Failed 1991
What happened
EXECUTIVE SB, FSB of MARINA DEL REY, CA was closed on 1991-04-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTURY FS&LA (PASADENA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3077
- FDIC Certificate
- 32202
- FDIC FIN
- 2167
- Bank name
- EXECUTIVE SB, FSB
- Location
- MARINA DEL REY, CA
- Failure date
- 1991-04-26
- FDIC resolution date
- 1992-02-28
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $56M
- Assets at failure
- $59M
- Acquiring bank
- CENTURY FS&LA (PASADENA, CA)