WESTERN COMMUNITY S&L Failed 1985
What happened
WESTERN COMMUNITY S&L of EL CERRITO, CA was closed on 1985-03-08. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST UNITED FSB (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 968
- FDIC Certificate
- 32171
- FDIC FIN
- 7515
- Bank name
- WESTERN COMMUNITY S&L
- Location
- EL CERRITO, CA
- Failure date
- 1985-03-08
- FDIC resolution date
- 1985-03-08
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $-11M
- Deposits at failure
- $8M
- Assets at failure
- $111M
- Acquiring bank
- FIRST UNITED FSB (SAN FRANCISCO, CA)