# STATEWIDE THRIFT AND LOAN CO.

> **Failed bank** · REDWOOD CITY, CA · failed 1992-11-13 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

STATEWIDE THRIFT AND LOAN CO. of REDWOOD CITY, CA was closed by regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $9M
- **Assets at failure:** $10M
- **Acquiring bank:** FIRESIDE THRIFT CO (NEWARK, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=STATEWIDE%20THRIFT%20AND%20LOAN%20CO.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STATEWIDE THRIFT AND LOAN CO. (FDIC ID 3413), failed 1992-11-13. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/3413.

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