PACIFIC THRIFT AND LOAN CO Failed 1999
What happened
PACIFIC THRIFT AND LOAN CO of WOODLAND HILLS, CA was closed on 1999-11-22. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to AFFINITY BANK (VENTURA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3522
- FDIC Certificate
- 27415
- FDIC FIN
- 4639
- Bank name
- PACIFIC THRIFT AND LOAN CO
- Location
- WOODLAND HILLS, CA
- Failure date
- 1999-11-22
- FDIC resolution date
- 1999-11-22
- 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.)
- $42M
- Deposits at failure
- $119M
- Assets at failure
- $127M
- Acquiring bank
- AFFINITY BANK (VENTURA, CA)