# UNION FEDERAL BANK, FSB

> **Failed bank** · LOS ANGELES, CA · failed 1996-08-09 · Savings bank · FDIC cost $22M

## What happened

UNION FEDERAL BANK, FSB of LOS ANGELES, CA was closed by state regulators on **1996-08-09**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **DEAN WITTER TRUST FSB** (JERSEY CITY, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3510
- **FDIC Certificate:** 29236
- **FDIC FIN:** 6001
- **Bank name:** UNION FEDERAL BANK, FSB
- **Location:** LOS ANGELES, CA
- **Failure date:** 1996-08-09
- **FDIC resolution date:** 1996-08-09
- **Charter type:** Savings bank
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $22M
- **Deposits at failure:** $33M
- **Assets at failure:** $33M
- **Acquiring bank:** DEAN WITTER TRUST FSB (JERSEY CITY, NJ)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=UNION%20FEDERAL%20BANK%2C%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNION FEDERAL BANK, FSB (FDIC ID 3510), failed 1996-08-09. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3510.

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