SANTA PAULA S & LA Failed 1991
What happened
SANTA PAULA S & LA of SANTA PAULA, CA was closed on 1991-09-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF LEVY (VENTURA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3195
- FDIC Certificate
- 27867
- FDIC FIN
- 2125
- Bank name
- SANTA PAULA S & LA
- Location
- SANTA PAULA, CA
- Failure date
- 1991-09-27
- FDIC resolution date
- 1991-09-27
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $243M
- Assets at failure
- $281M
- Acquiring bank
- BANK OF LEVY (VENTURA, CA)