# DOWNEY SAVINGS AND LOAN ASSOCIATION, F.A.

> **Failed bank** · NEWPORT BEACH, CA · failed 2008-11-21 · SL · FDIC cost $151M

## What happened

DOWNEY SAVINGS AND LOAN ASSOCIATION, F.A. of NEWPORT BEACH, CA was closed by state regulators on **2008-11-21**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **U.S. BANK, NA** (CINCINNATI, OH). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3577
- **FDIC Certificate:** 30968
- **FDIC FIN:** 10023
- **Bank name:** DOWNEY SAVINGS AND LOAN ASSOCIATION, F.A.
- **Location:** NEWPORT BEACH, CA
- **Failure date:** 2008-11-21
- **FDIC resolution date:** 2008-11-21
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $151M
- **Deposits at failure:** $9,653M
- **Assets at failure:** $12,779M
- **Acquiring bank:** U.S. BANK, NA (CINCINNATI, OH)

## Other banks U.S. BANK, NA has acquired in FDIC resolutions

- COMMUNITY BANK OF LEMONT (LEMONT, IL) — failed 2009-10-30 — /failed-bank/3708
- CALIFORNIA NATIONAL BANK (LOS ANGELES, CA) — failed 2009-10-30 — /failed-bank/3707
- MADISONVILLE STATE BANK (MADISONVILLE, TX) — failed 2009-10-30 — /failed-bank/3706
- BANK USA, NA (PHOENIX, AZ) — failed 2009-10-30 — /failed-bank/3705
- PACIFIC NATIONAL BANK (SAN FRANCISCO, CA) — failed 2009-10-30 — /failed-bank/3704
- CITIZENS NATIONAL BANK (TEAGUE, TX) — failed 2009-10-30 — /failed-bank/3703
- SAN DIEGO NATIONAL BANK (SAN DIEGO, CA) — failed 2009-10-30 — /failed-bank/3702
- NORTH HOUSTON BANK (HOUSTON, TX) — failed 2009-10-30 — /failed-bank/3701
- PARK NATIONAL BANK (CHICAGO, IL) — failed 2009-10-30 — /failed-bank/3700
- PFF BANK & TRUST (POMONA, CA) — failed 2008-11-21 — /failed-bank/3576

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=DOWNEY%20SAVINGS%20AND%20LOAN%20ASSOCIATION%2C%20F.A.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, DOWNEY SAVINGS AND LOAN ASSOCIATION, F.A. (FDIC ID 3577), failed 2008-11-21. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3577.

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