Bank failure · CA

Adobe Savings Bank (Concord, CA) — failed September 30, 1988

Adobe Savings Bank of Concord, California was closed on September 30, 1988 and resolved through a a/a. Tracy Savings&loan Assn (CA) took over its insured deposits. At failure it held $48.1M in assets and $43.4M in deposits. The FDIC's estimated loss on the failure is $3.8M (7.8% of assets).