LOS ANGELES THRIFT AND LOAN COMPANY Failed 1995
What happened
LOS ANGELES THRIFT AND LOAN COMPANY of LOS ANGELES, CA was closed on 1995-03-31. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to CALIFORNIA FEDERAL BANK, A (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3500
- FDIC Certificate
- 33190
- FDIC FIN
- 4621
- Bank name
- LOS ANGELES THRIFT AND LOAN COMPANY
- Location
- LOS ANGELES, CA
- Failure date
- 1995-03-31
- FDIC resolution date
- 1995-03-31
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $22M
- Assets at failure
- $23M
- Acquiring bank
- CALIFORNIA FEDERAL BANK, A (LOS ANGELES, CA)