ENCINO SAVINGS BANK, FSB Failed 1994
What happened
ENCINO SAVINGS BANK, FSB of ENCINO, CA was closed on 1994-06-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN SB, FA (STOCKTON, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3487
- FDIC Certificate
- 31484
- FDIC FIN
- 1284
- Bank name
- ENCINO SAVINGS BANK, FSB
- Location
- ENCINO, CA
- Failure date
- 1994-06-03
- FDIC resolution date
- 1994-06-03
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $89M
- Assets at failure
- $92M
- Acquiring bank
- AMERICAN SB, FA (STOCKTON, CA)
Other banks AMERICAN SB, FA acquired in FDIC resolutions