STATEWIDE THRIFT AND LOAN CO. Failed 1992
What happened
STATEWIDE THRIFT AND LOAN CO. of REDWOOD CITY, CA was closed on 1992-11-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRESIDE THRIFT CO (NEWARK, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3413
- FDIC Certificate
- 26656
- FDIC FIN
- 4548
- Bank name
- STATEWIDE THRIFT AND LOAN CO.
- Location
- REDWOOD CITY, CA
- Failure date
- 1992-11-13
- FDIC resolution date
- 1992-11-13
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $9M
- Assets at failure
- $10M
- Acquiring bank
- FIRESIDE THRIFT CO (NEWARK, CA)