SAN CLEMENTE FSB Failed 1992
What happened
SAN CLEMENTE FSB of SAN CLEMENTE, CA was closed on 1992-06-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HOUSEHOLD BANK, FSB (NEWPORT BEACH, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3344
- FDIC Certificate
- 31452
- FDIC FIN
- 1228
- Bank name
- SAN CLEMENTE FSB
- Location
- SAN CLEMENTE, CA
- Failure date
- 1992-06-12
- FDIC resolution date
- 1993-08-06
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $33M
- Deposits at failure
- $206M
- Assets at failure
- $220M
- Acquiring bank
- HOUSEHOLD BANK, FSB (NEWPORT BEACH, CA)
Other banks HOUSEHOLD BANK, FSB acquired in FDIC resolutions