HEARTLAND S & LA Failed 1991
What happened
HEARTLAND S & LA of LA MESA, CA was closed on 1991-09-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION BANK (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3182
- FDIC Certificate
- 32023
- FDIC FIN
- 7433
- Bank name
- HEARTLAND S & LA
- Location
- LA MESA, CA
- Failure date
- 1991-09-06
- FDIC resolution date
- 1991-09-06
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $18M
- Deposits at failure
- $121M
- Assets at failure
- $122M
- Acquiring bank
- UNION BANK (SAN FRANCISCO, CA)
Other banks UNION BANK acquired in FDIC resolutions